John Pitera's Market Laboratory Message Board

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Strategies & Market Trends : John Pitera's Market Laboratory

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Davy Crockett

isopatch

roguedolphin

To: isopatch who wrote (15853)	4/21/2014 9:26:00 AM
From: John Pitera	3 Recommendations Read Replies (1) of 33421

The $USD index has been making lower highs and is in a technical sell on the Daily chart.... The 79.25 --to 79.50 are is support that has kept getting tested..... we will have to watch to see if it breaks down. The TNX rallied right back below it's 200 dma at 2.72%..........Gold and silver continue to weaken this past week. Japan has had a heck of a time getting their currency to significantly weaken. ISO, *you last post here was truly magnificent* and it's remarkable how incredibly bullish professional investors are.... the margin debt is truly amazing as well. I see that Ed Yardeni says the SPX says we can go to 2000...... sector wise the biotechs, metals and the Russell 2000 are among the weakest. The energy sector is showing the best relative strength and the consumer staples ( which is a conservative play) is showing reasonable good relative strength. Lots of IPO's getting shoveled out the door...... the smart money sells when prices are high.... John A

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