Bullish as long as we get a sell off in the equities. And as long as we stay above 109. TLT has made higher highs and will break out once we get a sell off in the equities. Even though rising interest rate means prices will go down. A sell off in equities will re direct investors to bonds, at least in the short term.
XEG is represents the capped energy index of TSX and SPX companies, so its not exactly a true representation for SPY/DIA looking the way it does. But, you get the general Idea.- investors are flocking to other sectors and dividend paying stocks. Im bullish energy sector as i think is undervalued and forgotten for most of 2013, but i think ive missed much of...
It' hard to narrow down exactly where the QQQ's could hit resistance, since the SPY/DIA are still above their pivots. But I have two tentative points. Either we test the 50 ema and sell or form a H&S pattern. Both scenarios will favour my bullish gold thesis. Although i prefer the former. (as GDX is at it last level of retracement before turning bearish.) The...
Bit far fetched, but many indicators come into one play of forming a top in May. Point by point 1) After edging up on the sale support as before after making a new high, Nasdaq composite gives room for a head and shoulders formation. Top would be in May if this holds true. 2) RSI, Stoch and MACDcan all be traced with following the patterns to top in may should...