Friday Oct 28, 2016
I probably gave up on the short side too soon. Here is our most important indicator.
Looks like we are about to get a confirmation of downturn in the NYSE A/D line. This is the single most predictive chart we have.
And we are at a 60 year cycle high from the 1956 high as well as eight year highs from 2008, 2000, 1992
and then five years back to 1987.
DXD
This bear fund is still holding recent gains.
And then there is the election which is presumed for Hillary. We shall see. I would rather wait recalling the fall in the markets before and after the 2012 election.
Interest rates continue to rise with bank and insurance stocks moving up.
Energy
Crude oil continues its upward path. A modest pullback is probably due but CCI at bottom and STO at top are already
in corrective mode.
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