German elections ( weakening Merkel’s grip on power) coupled with the Saudi drama are capping the Spu below its 200 DMA. Spu’s are caught between 2747 ish n the downside and 2780 on the upside. Europe has stabilized with the … Continue reading
The world indices were led higher by Asia. Germany shrugged off Merkel’s political woes. Equity/Bond spreads @ the long end of the curve are neutral. This means there is room to move on the upside. Brent..63.00 remains the upside hurdle … Continue reading
Of interest this A.M. is Merkel’s recent comments stating that the Euro is to weak. Defense stocks like LMT are up in pre-market after Trumps’s Saudi visit. Wait for New York to come in to see how the week shapes … Continue reading