Kirk's Market Thoughts Message Board

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Non-Tech : Kirk's Market Thoughts

COHR 170.90

+3.7%

Dec 3 3:59 PM EST

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To: Kirk © who wrote (1292)	5/20/2014 5:25:16 PM
From: Kirk ©	Read Replies (3) of 26680

What are people watching for market direction? We have the start of several breakouts in EMs. This also goes with the calculation I did for my next newsletter showing inflation for the past 6 months is running at a 3.2% annualized rate. Higher inflation means commodities should turn up which aids emerging markets... EMs go up with US shows some life. My charts of ECRI WLI shows a 6+ year high. My guess is that means higher GDP for a couple of quarters so the boyz now are trying to shake out cheap shares. May 12 SPY 1% Off Record High, While ECRI's WLI Sets A 6.3-Year High It could be healthy to test that dashed orange neckline from above then blast off for EMs and SPX towards 2000... but we could have a zman bear (or at least a correction below the 200DMA for SPX) if that line doesn't hold... your mileage may vary so this is for entertainment!

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