Some general thoughts….This week Dr. Nenner is looking for a high in Oil & Canada futures as well
as a possible high in the equities over the next couple of days. Markets in general need a few days
worth of price action to signal a turn. The bond action yesterday into today should have your antennae up
as to a possible high in the equity indices. Bonds are trying to bottom.
This simply means I am watching for now.
We just had a nice trade in the TBT, Aussie and JJG. Keep your money and be patient.
The metals, which most of you own, are still on a mission for higher prices. Take your profit at the tgt’s.
1290-1300 gold…..21-21.25 silver
I know! The yen traded down to 83 last night. Unless you’re a very short term scalper you should leave it alone.
Natgas…This widow maker is attempting to break out to the upside. Unless you’re a professional trader with a futures account
leave it alone. The etf’s in this instrument do not track well.
