John Pitera's Market Laboratory Message Board

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Strategies & Market Trends : John Pitera's Market Laboratory

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To: John Pitera who wrote (19468)	6/28/2017 10:07:06 AM
From: The Ox	Read Replies (2) of 33421

Nasdaq walking a fine line at the moment. Overnight it set a new 20 day low and is testing the area from the first part of May. It appears important for the short term that this area hold but we are also approaching the "window dressing" time of the month/quarter. With this as a backdrop, some short term weakness may not be enough to cause a serious correction at this time. Having said this, the way the currencies around the world have been moving over the past 7 days is pretty remarkable and this "volatility" may be signalling that investors are not as comfortable with the US markets. The strength shown in both the Pound and the Euro since last Wednesday's lows is very impressive!! EDIT- strength in almost everything vs. the USD says a mouthful ...Peso, etc...

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