Guys, i wont go through what i’m up to but suffice to say I’m struggling to comment here due to life time pressures.
In stead ill post the remaining reports and full comments later this week.
For now here the major reports.
Here the Swiss team as usual.
And here GS with the same levels SP500 but taken a more bearish line than the Swiss team stating the lows have yet to come. On a side note i don’t think i’ve seen the GS guys fence sitting (neutral stance) on instruments.
And here Ub with their closer look at specific equity issues for positional traders, very useful.
And here Fitzpatrick’s usual commentary. Taking the GS line to the Sp500 vs the Swiss team’s more bullish stance.
For my mind i dont see much so far to suggest the bear is done. My chart from last week stands. No breakout of the bear trend and even on a break of that trend line on euro equities it needs to sustain and not be a one day wonder.
Commodities do look better and its clear from CFTC and other indicators that the US$ bull appears to be taking a significant breather in the coming months, at the very least. Cyclically therefore this could play out to a final 2016 classic end equity bull cycle run up for commodities playing into US$ weakness. The probability on this scenario is rising.
When i get more time ill post up the remaining back log of reports i have and a few side comments no doubt.
All the best for now
Rich
(15 votes, average: 5.00 out of 5)
Loading...