Now that I'm full of turkey (and rum), I thought I'd take a hard look at Mr Market. Most markets have been dropping since Labor Day. SPX is down 5%, Russell 11% and Venture 18% - clearly a risk-off market. However, there's a bit of a disconnect - US market internals are extremely negative, yet Venture's internals are only slightly negative. US markets are outperforming their internals and Venture is under performing. Not entirely sure what this means, but perhaps something big is about to unfold in the juniors. US markets broke down at the end of the week, but gold stocks held up better. I still have a lot of cash right now, but I've bought some gold stocks because they tend to lead other markets - nevertheless, tight stops...

US markets look like they want to have a deeper correction – 2 failed rallies in just a few trading days and a clear breakdown on Friday. Venture has broken last June's lows and appears to want to test the 2008 lows - a couple more bad weeks would do it. The setup here is for a massive rally in all markets, especially the juniors when the low is reached.

On average, the best day to enter the market is Oct 27. Give or take a week, it should work this year as well. I suspect we'll get a panic day in a week or so, then a massive rally day followed by a run into January at least. But as it often is, the crystal ball is a wee bit cloudy, lol.....