SPX has been stronger of indexes but the weekly chart shows how the momo wanes.
LOTS of room on weekly to do some damage as soon as MACD crosses below zero.
Sector strength deteriorates one at a time, now energy and home building look weak, WHAT sector will prop this hype job up?
Most of my peers think bonds are near their low for this move, hand not yet shown. The grande Conundrum continues.
But CPI and most BLS data isn't worth squat as it is, not respresentive of any real world experiences.
How would Bonds react to REAL inflationary CPI data?
D
Subscribe to:
Post Comments (Atom)
No comments:
Post a Comment