Simply Puts

The market still hasn’t tipped its hand on whether it’s currently basing at these levels – above the recent lows – before moving higher, or consolidating before moving lower. If the market does move lower in the near term – amidst high bearish sentiment and still extreme oversold technical conditions – it would very likely [...]

Coming amidst extreme bearish sentiment readings and oversold technical levels, last week’s positive market price action suggests that an intermediate-term bottom of some sort may be in place. Whether this proves to be consolidation in a larger decline, or something more bullish remains to be seen.
New positions
Southern Copper (PCU) – On Thursday I [...]