Update of Computer Trend Signals
As the markets continue to bounce around against macro resistance levels it may be a good time to look at what the computer signals say at this point.
1) In general, T-Bonds and the Dollar remain under pressure as they bounce around the lower levels of their expected annual ranges.
2) Gold, silver, and financial stocks have turned down and are staged for lower moves.
3) Stocks in general and commodites remain under bullish pressure as they bounce around the higher levels of their expected annual ranges.
In general deficit cutting will overtake the corporate profit picture as this year unfolds. We will let you know when the technical patterns mentioned above change.