Are we done with the correction?

We saw first correction after many weeks. Next week seasonal are positive and I am also not sure if we are done with the correction. There has not been enough technical damage which means it can go higher. First 2-3 days early next week will provide more clues. One possibility is that we might complete wave B next week and then we might see another wave C leg down to 1285 (S&P). Market seemed to be in No Man's land.

Gold and Silver are on tear. It is possible that gold might reach new high and silver too.

I am publishing few long and short ideas.

CNX Daily: Looks like it has formed a high flag, Volume has been good for the last 3 days, it has cleared the resistance of the flag line, it closed above 50 DMA. MACD has turned up. Follow through will increase the odds. There is enough room on RSI to support higher prices.

UVV Daily: If it manages to clear first resistance we can easily see it rise to second resistance, if second resistance is cleared, we are looking at 45.75/46 price target. The pattern is double bottom, if true the potential target is 46. MACD and RSI can support higher prices.

MOO Daily: I think this has one more leg down. Price rise of the last 2 days in on low volume, it might test the trend line before turning lower in leg C down. Trend line is price resistance and 50 DMA is price support which puts this is in No Man's land. Next day or 2 should provide further clues.

AAPL Daily: Like MOO apple's rise of the last 2 days is on low volume and price is stuck between resistance and 50 DMA. This is also in No Man's land. Next day or two will provide further clue. I am showing the downside target if it breaks 50 DMA support. It can go either way, we will know soon.

KOL Daily: This is forming a triangle, difficult to say which way it will break. If I have to guess at this moment, I would say it has 60 % probability of breaking down. We will know soon.

Last week as per my watch list we took short position in X, we sold out short position in FCX. We also took short position in ANN.

Got to go now, looking forward to watch today's oscar awards ceremony.