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Message: Big Week Coming Up

For US stocks – which are hovering around break even in January. January tends to set the tone for the year, so if there is a big move this week, it could forecast the rest of the year.

For gold and PM stocks – for the bullish trend to continue, the current pullback must be contained and another leg up should start before the end of the week. Seasonality is positive until Feb 22. GDX support around 20 should hold for the trend to remain intact.

For Venture – a good week will generate a weekly MACD buy and a confirmation of a downtrend break, a bad week could threaten a breakdown – next stop 400. As it is, Venture sits at 678.18 – almost exactly at the 2008 crash low of 678.62.

If it's a good week, I'll be all in. If it's a bad week, I'll be all out.

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