Market Overview

SPY goes up 0.58%, QQQ up 0.22%. UCO up 1.29%, GDX up 3.51%

As we can see below, SPY is reaching previous high. So if you are a short trader, make sure to take some profit when it reaches 530. If it break out, we can add those shares back.

QQQ is similar and is lagging than SPY. Notice it is still under the green line, which is the short term channel. Previous high could be resistance too. If it breaks down this blue box, we need to reduce our exposure.

UCO is in consolidation mode. It is in a clear downtrend but it is sitting right above all those ma lines. Recent two sessions are pretty positive. If it goes above $32, it might be ready for a shoot up.

GDX is having a great time recently and it is approaching recent all time high. Hold tight.

Stocks to buy

SLV, GDX are all good buys. SLV is slight behind GDX, which gives us more space to catch up. The first target is recent high at around $27.

ROOT

ROOT goes from $10 to $70 so far this year and looks like it can make to $85. This could be a short play, set target at around $80.

META

META is crossing above ma(20), the green line. This is a good sign. If it can hold for at least 3 days, then we can start to put some money to it.