Tuesday, June 30, 2015

Once the Neutrals' lost their patience.......THE Correction?

S&P500 Daily Chart @ Close 06/29/2015
Sentiment #'s that were themselves breaking records with the Neutral Camp 'membership' finally succumbed to impatience with a timely shift to the Bulls last week.
Support @ 2034 beckons in defining the extent of the potential damage as YTD #'s move back into Negative Territory with multiple 'crises' closing in on Risk Assets.
Below 2034 & 2014 (38.2% retrace of gains since 1820) beckons before 1940 (61.8%) which keeps the whole 'shebang' alive Medium- Term.

Sunday, June 14, 2015

US Dollar Bulls not being rewarded for the FED's imminent interest rate move; why?

US Dollar Index Weekly @ Close 06/12/2015
US Dollar Rally not going to 'Plan'?
Would appear so as the Bulls patiently await the FED's intent on raising FED Funds off the Zero Boundary.
Perhaps the Metals are telling us something many do not want to hear?
Risks appear skewed for further Dollar losses; are we ready?