The pop higher on long term interest rates this morning is a look at what will happen at some point going forward. Japan’s attempt to mimic our FED seems to be a little shaky and markets are suffering this morning. …Continue Reading →
Friday’s employment report ensures more of the same. The 1587 to 1662 area on the S&P should be popular for a while.
While we are awaiting tomorrow’s employment report maybe a little reading is in order: http://www.realclearpolitics.com/2013/06/05/washington_booms_at_america039s_expense_309126.html http://www.mauldineconomics.com/images/uploads/pdf/2013_06_04_OTB2.pdf
Keep in mind that this May – October trading period is a period of a big top that becasue of the FED buildup will have more ramifications than either the 2000 or 2007 tops. So while the top will keep building,…Continue Reading →
The swing points of the trading ranges we mentioned the last few days are 1625 on the S&P, 144 on bonds, and 1400 on gold. Yesterday we saw the S&P go down to the swing point and bounce, it will…Continue Reading →
Here is an addition to the S&P and T-Bond trading ranges mentioned on Friday. We are looking at a Gold range of 1275 to 1525 for the same period. Part of the dilemma of the Fed is no doubt that both…Continue Reading →