A few days rest was most welcome after a hectic first 6 weeks of 2019.

I decided to lighten my LT portfolio last week because I could not allow a 11% profit in less than 2 months of 2019 to be frittered away.

It has been a long time since I have had such this gain in less than 6 weeks so I thought it was prudent & no harm done in taking some off the table. 

More LT holdings (mainly financials and energy) will be closed on any up move this week and I will add to my existing 28 QQQ JUN puts. 

I really did not expect financials and energy stocks to move up so quickly but I am not complaining! 

Yes, I am now even more bearish in this BULL market. I would not be surprised to see another 3 to 4 % SPX rally but my forecast is SPX in March SPX to be much lower than what it is today, and I am sure I can buy back most of these stocks at much lower prices during the next 3 to 4 months.

One of the worlds largest retail companies if not the largest sporting a weekly head and shoulders top ?

The chart seems to be saying 40% down within the next 4 weeks.

Monday 11AM  Tim Bost

https://events.gennd...5711/d4b8df05b7

after reviewing the daily and weekly chart patterns and technicals it looks like a very decent possibility in the weeks ahead. IMO that bodes well for gold and oil and copper whose charts look very good as well. GLTA

BSing away

Senor