3/10 pre-open

Lots of buzz now about the bull market prospects...a good sign. The colts are still frolicing out in the pasture, but the mares are in the barn. Rain is in the air.

Friday was the top of wave 2 of the bear market that started in January. Stop loss on short stock positions is XMI > 1172.


Silver up to 17.50 overnight.  Putting in ARCA order to buy 1.5% ZSL at 4.14. The sell point for another short is 17.01 and will move up throughout the day.
Stock futures flat.  Sell point now Mar futures and cash < 1136.70.  Further down 1133.60.  
Here is the current count on the XMI:

Model positions:

SDS full 5% capital basis 32.83
SKF 4.5% capital average basis 21.11
DXD half 2.5% capital basis 27.99

Short silver
ZSL 1.5% capital basis 4.22