Spikes and Turnarounds

Very violtile day as seen by the spikes in the VIX - highest reading in this sell off. High around 20. A shift in the market appearing to
Argument remains weather a low vs the low.-- but regardless a rollercoster of a ride on June 8th. A guideness for resitance level: 50 day avg as for most names in the market.
Plenty of trading oppertunites especially in names which have significantly corrected in this cycle. OSX and HUI. Near-term buy cycles beging to
Commodity related themes and other cyclical places. Also other higher beta related themes that can see a bounce include biotech, semis and brokers.
Maintain tight stops, to manage violitily by narrowing timeframe.

Growth areas in future

Areas and groups to explore in next easing cycle:

alternative energy, water purification, genomics, nanotechnology, voice recognition, homeland security, China, emerging markets and pandemic treatments.

Gold vs S&P relative performance chart mirrors closely the US 10 Year trasury yeild performance.

Therefore, higher gold = higher rates = lower spx returns.