Stock prices are headed to new rebound highs in June. Expect a modest profit-taking sell off into June 2/3. SPX 2600 should hold. Sentiment has a long way to go before the market is close to overbought. There is simply too much money on the sidelines. The FOMO (fear of missing out) trade will continue to develop.
We will be taking a position in biotech shortly. Another multi-year breakout from a long sideways coil and consolidation will generate huge profits in the months ahead for us. These are incredible trades that don’t come around often. Biotech, AI, nano tech, and semi conductors are the leaders of the next 10 year bull market.
Bitcoin can have a quick spike back to the 10,000 level but a sustained breakout isn’t in the cards just yet. A good pullback and entry is coming sometime in June which will lead to a strong trending trade into November.
The short term picture on the stock market will make it difficult to short, as the drops will occur in just a hand full of days. Not the time to be using excessive leverage or options to short, save that for the larger Intermediate declines. If we get our set up this week we will enter a short into the June 2nd date.
September and October will be the biggest rally of the year for the metals and miners, be prepared. This is a game changer financially if you are in the right asset class at the right time with the right leverage. Over the next 45 days we will be moving our metal portfolio into silver and bullion for this rally as well. Expect a choppy advance, with wild swings and corrections, over the summer into the early fall price explosion. Of all our indicators our AI data sets are giving us the most hits for this asset class and time. Nothing is guaranteed in life but this will be as good as it gets. This move has the potential to change peoples' lives financially.