Blow Out Bottoms
To my mind, todays Macro action in Gold and T-Bonds is a classic blowout of stops before a powerful upside move.
Oil is still a short as a combination of high supply and weak demand are the major influences.
Stocks are just biding time at a top area until the Washington issues become known (Health Care, Taxes, infrastructure).
The consumer is key and the real numbers show they are on hold, adding to savings.
Oil is still a short as a combination of high supply and weak demand are the major influences.
Stocks are just biding time at a top area until the Washington issues become known (Health Care, Taxes, infrastructure).
The consumer is key and the real numbers show they are on hold, adding to savings.
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