Numerous charts have acted in a “risk-on” manner this week. Labor report Friday could bring reversal, but odds favor higher highs in next two weeks.
Markets were kind to us today. Some of our positions: GDX up 2.90%, XME up 2.66%, EPI up 2.52%, XOP up 1.46%, EEM up 1.0%, GLD up 0.70%, IYT up 0.95%, MDY up 0.93%, and FXI up 0.70%. We will enter Friday with an open mind. We have seen deterioration recently, but not enough to take any bearish positions.
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