The board is pretty much overbought from currencies,individual stocks, stock indices,metals and
grains.. This simply means to be vigilant and not indiscriminately buy things. We’ve come a long way baby.
Nasd 100 futures has a potential weekly double top at 2030…even possibly a monthly pattern as well at 2030…
2057 is the high qtrly # for this year.
Gold/Silver….the pattern for the last year has been for the metals to put in lows on unemployment Friday
that proved to be a great trad-able low for the rest of the month..Gold ( 1322-1326.50 ) Silver ( 22.35)..
Keep these levels up on your price alerts!
The overnight highs in the Aussie and Euro seem to be good levels for a possible topping pattern Short term.
Euro needs sustained price action under 138.50 for confirmation. The Aussie pattern is showing a double top on the point & figure.
Sustained price action under 97.20 ish is needed for confirmation of that pattern.
General comment…The value stocks would seem to be in the emerging markets for now after this huge dividend
chasing rally in U.S. equities.
