Sunday, August 31, 2014

More Of The Same

The only interesting trade of interest is it looks like oil has a trade able move.  But I would not get too excited about it, or other commodities as Draghi may finally get the monetization action in the Euro zone out in the open, and that will further strengthen the dollar.  Besides, there is simply no way Obama is going to let oil prices rise into an election cycle.

The broad markets look like they are going to continue to rise, probably going into mid September, gold, silver, and the miners are uninteresting, and probably a good short if they start rolling down, and my view is volatility will squeeze down until we get closer to the Fed meeting in September.

I tried a video instead of posting charts.  If you like it I'll do more of them.  It is pretty quick and zippy.

Enjoy.  if you want real time buy and sell signals.

1 comment:

  1. You really explain each and every point very well. Today indian stock market trade in green Nifty Futures Tips.