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Strategies & Market Trends : John Pitera's Market Laboratory

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To: Chip McVickar who wrote (19014)4/11/2017 3:49:08 PM
From: robert b furman  Read Replies (1) of 33421
 
Hi Chip,

10 and 30 day clx offsets really support a higher clix.

Aydis has been moderately negative for 15 days straight

I think we are finishing up a C wave right now.

With clx dropping off negative numbers in the offsets - it won't be too far of a push to expect a possible truncated 5 of C.

Earnings number start in earnest next week with banks this week Thursday.

Of course the ABC could morph into a bigger A - but that is where earnings come in ( we are there right now).

semi shipments have grown January and February with mid teens growth 2017 over 2016 - a lot of stuff is being made including a recovered energy sector and home building.

Its been a long time since that old normal has even been dreamt about and I think it is happening else where also (in Japan ,Euroland, and even Brazil is looking better).

It took a long time ( 8 years), but global reflation is beginning to get traction.

With out tax reform - it is a pretty good story.

You may be correct - I think tax reform will usher in the euphoria that explosive markets are made of.

Me - I'm just trying to buy dividend paying companies on the dips.

If we're going to K2 - I want to be at the summit and then leave early.<smile>

Always great to hear from you chipper!

Bob
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