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DBE has confirmed a buy signal and we expect it to be confirmed this week. Oil has shown some real strength the past few days. USO, DXO are also potential candidates with oil a target for another 10-15 dollar run to the upside. We will probably cover USO once our master portfolio is tweeked.
GDX still is a confirmed buy this time, with gold and silver probably able to get some more gains. However as May ends we are at a seasonal weakness, with the overhang of a possible large reversal.
Keep your stops updated!
A quick aside, there is a lot of action in FAZ -the triple leveraged short fund. We've seen it as a speculative play and it has taken damage this week (significant). Since our sell signal was initiated in late march, FAZ has fallen over 90%. However when the reversal signal comes, we believe it will be an excellent entry point.
