Trader Scott
Some of my main themes for our great subscribers have been – a general lagging by the former leaders, like FAS, and the Dow Jones. A rally for crude oil into this week. (And we saw all of the calls of a “breakout” in energy today.) A continuation of the overall weakness in the Euro. And a Treasury bond market which will continue to confound the people calling for a crash in bonds. Here is the 12/1/16 post referred to in the video, when I turned bullish on Treasuries:
From the March 31st 2:00 PM Subscriber Update: “Three of my themes at the beginning of the week have been that the crude oil bounce would last into next week, and it would help the stock market and junk bonds – also the incredible amount of bearishness on Monday would also help. And the longer term bearish “confirmation” by the Transports paradoxically almost always leads to a short term rally. Now we’re heading back up into some areas. And the SPY and the DIA are lagging the other indices as is the FAS. These had been leaders. And junk bonds are a very worrisome market, and this all meshes up with the stock market and with oil and the FRAK. The rally in stocks has alleviated some of the intense bearishness. People are going to be more complacent on the next selloff. Today’s closes are weekly and quarterly, so they are quite important. Nonetheless, this time period is a time for caution towards global stock markets.”
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