Good Thursday afternoon, one and all. We have to give credit where it's due - though the market may be vulnerable here, the bulls aren't going to go down without a fight. The longer the market can just hold the line and set up a technical base, the better the odds are we can sidestep a meltdown and see a bullish late-spring and early-summer. Now, we're not telling you it's going to happen that way. We're just saying the odds of a pullback just got a tad smaller. Let's start there today. The good/impressive news is, the S&P 500 managed to keep chipping away, hitting another record high in the process. The bad news is the volume behind the move was not only low, it was pathetic. It wasn't just the S&P 500's volume that was pitiful either. The advances from the Dow and the NASDAQ didn't have any meaningful participation either. Yet, there it is - the S&P 500 keeps on chugging higher even though the volume keeps on shrinking. Something's got to give soon, but when is it actually going to happen? Once the market disconnects from "value" and starts moving on pure sentiment - or hope - there's not a lot of meaningful analysis that can be applied to answer the question. My guess is, we'll see the bearish pushback soon... as in sometime within the next few trading days. There's an awful lot of "buy stocks now", "stocks will keep rallying", and "stocks aren't overvalued" chatter out there in the media's ether at this point. Those stories tend to become common right at the worst possible time - in front of a pullback. The pullback won't be troubling unless we see the market's key support levels fail to prop the market up. We'll talk about that when the time comes though. Let's take a closer look at it again tomorrow, when (hopefully) there's something worth taking a closer look at. If You Thought Gold Was in Trouble... OK, you know how its recent implosion put gold back at center stage this week? While the last few days have been miserable with prices falling nearly 10% since March's peak around $1390, there's still a big support level at $1180 that should stop the bleeding if things get any worse for gold. The chart below tells the story. There's a problem with having faith in established ceilings and floors though... there's always more to the story. And yes, that means there's more to the story with gold right now. It's silver. Silver's chart looks like it's on the verge of a major breakdown by moving under a huge support level at $18.67. Take a look. It matters because gold and silver should move together, not with perfection, but at least in sync. From time to time though, one is going to have to lead the other. Sometimes gold leads, and sometimes silver leads. If silver is leading right now, however, and if it moves under a key floor and on to new multi-year lows, how far away can gold be from doing the same? That's not a prediction - at least not yet. It's just a concern you need to know about and nobody else has brought up yet. My guess is, silver's going to break under $18.67 the way it looks like it will, but gold will not hit new lows. If silver does hit a new low though, it's certainly not going to be good for gold prices. Such a move could accelerate gold's pullback to the $1180 area. We'll follow up with you on both charts if-and-when needed. Today our only goal was to put the idea on our collective plate. ANIP Drops a Big Hint Oh man, please tell me you got into ANI Pharmaceuticals (ANIP) on Friday after we recommended it in Thursday's newsletter. We saw the stock recover quite nicely after a dip on Wednesday, and ANIP was an absolute rock star today. In fact, for a while there we were debating sending out a special newsletter just to suggest locking in a gain if shares were going to keep moving the way they were shortly after the open. Fortunately (and yes, I know this is going to be a little ironic), the rally effort slowed down a little bit before the end of the day. This will make it much easier to sustain a bullish trend in the bigger picture, whereas a red hot, one-day rally runs the risk of immediate profit-taking. And yes, we still think ANI Pharmaceuticals has a lot more upside in store for us. Thanks to today's action, however, we also have a pretty good idea of where the make-or-break line is. Mark the $34.60 level on your chart of ANIP. We knew this level could be a technical ceiling after bumping into it at the end of April and peeling back from it at the beginning of May. We also saw peaks close to the $34.60 area a few times in February and March, making it an even more important line now. Sure enough, all it took was a near-test of the same value today to send the stock back a little. There's another aspect of the ANI Pharmaceuticals trade that reared its ugly head today, however. This stock is no stranger to big intraday moves. Heck, it was up about 10% at one point Thursday. That propensity for big moves could mean a nudge above the ceiling at $34.60 sparks a huge intraday surge past $34.60. We'd be up about 16% once ANIP reaches that level (we're up 10% already), and should we get that explosive intraday move beyond $34.60, we could be at a target-profit levels in the blink of an eye. [We haven't set a target yet, but any time we get to a 20% gain or more we have to start thinking about it.] So what's the problem? While we'd prefer to hold onto ANI Pharmaceuticals for a few weeks - if not months - while it quietly grinds out a 50% gain or more, if the bulls can't pace themselves we may have to pull the plug earlier than that to lock in the big but fragile gain we have at the time. The problem is, being an end-of-day newsletter, you may have to make that decision on your own. We could go ahead and establish a target level for ANIP, but honestly, doing so would solve one problem by creating another; one of the biggest (but mostly unrecognized) mistakes a trader can make is getting out of a trade too soon. If we simply establish a target, we don't get a chance to consider the pacing of the stock's advance when it comes time to make the call. It's just one of the tricky nuances of managing an end-of-day market newsletter. Most of the time it's fine, but it can occasionally be a headache. There's a solution to the dilemma though. While the SmallCap Network newsletter is only delivered after the market closes every day, the Elite Opportunity newsletter is delivered in the middle of the day just to make sure its members can act on its recommendations in a timely manner. And yes, even though both the SmallCap Network newsletter and the Elite Opportunity newsletter prefer longer-term holdings, we all know hours - sometimes minutes - can make a difference. That's why if you're serious about getting the most you can out of the market, you owe it to yourself to get that edge. It gets better. If you can't or don't want to hang out at your computer all trading day to see what the SCN EO is buying or selling, that's fine. Remember, subscribers to the Elite Opportunity service can get their trading alerts sent as a text message to their smartphones. There's no charge for the text service either. Folks, it's up to you, but John Monroe and his team over at the SCN EO are the best I've ever seen in the stock-picking business. The 19% score they locked down on DUST earlier in the week is just the tip of the iceberg. The Elite Opportunity newsletter got into a new trade today that could be just as rewarding... maybe even more rewarding. It's not too late to get into the trade either, but you'd want to at least get your free trial subscription going now, as in tonight. 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