Weekend Feb 3 2019
I had thought we would have resolution by now but the rally has extended into February. Still momentum indicators are in the over bought area arguing more for pullback than continued advance.
Transports
Most indexes look just like this. Price is below the 200 day MA and PMO looks toppy. Berkshire Hathaway is finally breaking out above all its MAs.
Bullish Percent
Bullish percent failed twice before at the 50% level, and again MACD is really high as is RSI.
XAU
XAU looks to have completed five waves at its 77-78 target level.
Silver
Silver have surmounted all its MAs and faces resistance at 16
WTIC
Crude oil prices are likely range bound in the 50s. Share prices of energy companies show weak rallies. Internationals like XOM and CHV did rally nicely Friday.
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