snofox

snofox

The US bond market got it right in 1936, in 1947, 2008, 2011, and it still has it right today. The people doing the real dollar printing are the same people that run the biggest repo and bond trading desks - they know what's up (and it's not inflation).

snofox

Massive divergence and megaphone pattern in the weekly chart doesn't look promising for the next 6-12 months

snofox

The rally has seemed to weaken considerably over the last week, but managed to end the week with a new top. I think that was the top for the foreseeable future and a drop in the coming week is unavoidable as the rally loses it's steam. I've highlighted the most obvious signs pointing to a reversal (notably falling volume, bearish divergence in RSI and MACD and the...