Weekend March 31, 2019
Reports have it that this has been a stunning quarter rising from the sell off down to 22,000. True enough but I am not sure anyone had the never to jump in December 26. Stocks put in a an up week and appear ready to challenge the previous high at 26,600.
Transports
'Transports are doing what they need to do, rallying at teh 87 day MA. This project overall rallies into Mid May.
The small caps are doing the same
Here is another nice set up for a rally the next month or so
Yes it is a nice pullback but at 64% already. This suggests the ending rally will likely set the high for this year in May.
Gold
Looking for an important low by mid April for
Gold in the area shown. Then expecting a significant rally.
Silver
Likewise silver should record a higher low than we saw last November. Silver has still not turned up wtih gold but that could change.
Nat Gas
the world is awash in natural gas, price has dropped 40% but from a parabolic high.
Oil superimposed on nat gas
Oil in purple is imposed on the same nat gas chart. Could oil have another pullback like nat gas? There is no shortage.
What about the interest rate panic?
Really all that has happened so far is that the ten year rate is re testing its 200 week MA for the first time since 2017.
The Bottom Line
We look for a final stock rally into May. Gold and silver should make important lows by mid April leading to a substantial rally. Interest rartes are testing an uptrend line going and long term MAs.
Social Mood
See previous post. A re make of Pet Sematary will debut this next Thursday.
https://www.imdb.com/title/tt0837563/?ref_=fn_al_tt_1
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