Macro Wave Review

Here is an updated look at the six Macro Waves we monitor:

WAVE            DIRECTION        COMMENTS

Stocks              UP                            Appears close to rolling over

Bonds               UP                            After 33 years, getting a little ragged

Dollar                UP                           Only 9 months into a major long term move

Commodities    DOWN                    Primed for another leg down

Oil                      DOWN                     Primed for another leg down

Gold                   DOWN                     Quiet, looking for an upward scare