Buy and Sell Signals, and Other Market Perspectives Message Board

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Strategies & Market Trends : Buy and Sell Signals, and Other Market Perspectives

SPY 670.21

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4:00 PM EST

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To: flrtrader who wrote (89551)	2/6/2017 5:58:32 PM
From: John Pitera	Read Replies (3) of 218499

Yes those would be the initial numbers for a bullish scenerio for the USD.... the currency markets are very skittish... The *Daily EUR/JPY which a general gauge for "risk on" and "risk off" trade* had a really lousy day today.. plunging to a new low for the year... if this Key crossrate keeps this up it will cause a sell off in higher risk assets such as stocks, high yield bonds etc. will occur. haven't 3 of the 4 FANG stocks had a negative reaction to their earnings recently? The 4 precious metals were up today... Silver has just barely climbed above it's .382 retracement on the Daily March Futures chart..... at 17.71. So silver is either going to get some legs and move higher over the next day or so. Or it will fall back into the abyss below it's .382 retracement..... I myself do not trust a move up in gold not confirmed by silver. John

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