MTBigsky

MTBigsky

Everyone in the world is long USD right now. The trade is crowded and for all the wrong reasons. United States has more debt and is the least solvent of all. If we do raise rates, we will likely plunge into recession as all of the rotten easy money investments turn south. In the long run Europe will be bowing to Germany for saving their currency by not allowing QE...

MTBigsky

Note the potential false breakdown, Subsequent Hammer Reversal Candle, and Positive RSI Divergence. Gold could be putting in a solid bottom and is ripe for a snapback rally to a major MA, if not a more meaningful reversal. From failed moves often come fast moves. www.bigskyinvestments.com

MTBigsky

This looks like a two headed H&S to me. Weakness in smallcaps. Still needs confirmation lower.

MTBigsky

EAs earnings run has been overdone. Im expecting retracement before it can continue higher.

MTBigsky

With $FEYE being totally massacred and at an ATL Im beginning to think that it might be a good time to catch the proverbial falling knife for at least a short term dead cat bounce.