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Non-Tech : Kirk's Market Thoughts
COHR 191.91+0.5%3:59 PM EST
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To: Kirk © who wrote (6912)3/27/2019 1:34:19 PM
From: robert b furman1 Recommendation

Recommended By
Kirk ©

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Yup,

Just my hunch here, but thursday's / friday's pop and fade, followed by a weak recovery monday and tuesday feels like the A and B of an ABC corrective wave, with C finally showing up today...

So its time to go to the wiggles and look for 5 waves down in the very short term.

That might conclude a complete ABC with a nice big fat 3 up through the summer.

Earnings will prove out good after the usual annually weak Q1.

Rates are lower, the fed isn't going crazy and a trade agreement that balances out trade with the big offenders China, Japan, and Germany with a new Nafta is a very bullish environment. One that can be enjoyed for a long time.

This trade agreement uncertainty and possible supply channel redo, has to be penting up any Capex plans.

Releasing the pent up plans should be quick to increase Capex plans.

Demand for oil has grown and commodity prices have been going up, so daily consumption is steady and growing.

Bob
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