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Strategies & Market Trends : Buy and Sell Signals, and Other Market Perspectives -- Ignore unavailable to you. Want to Upgrade?

To: GROUND ZERO™ who wrote (70364)	4/20/2015 11:14:27 AM
From: FCom777	Read Replies (1) \| Respond to of 218584

You're likely still giggly from your recent vacation ! While I have no idea where we will actually end up - think the key markets to watch to discern where equities are going are the dollar, bond, crude, and gold markets. I'm still of the opinion a move of larger proportion down will occur before the market will head higher as part of its very long term up trend. Seems like money flows associated with higher equity prices are coupled to higher dollar, higher bond, lower crude, and lower gold. Key levels for June dollar to exceed are 99, 100.50, and 101 if equities are to break highs. Suspect bonds will likely move higher since "everyone' is being trained to hate long bonds. Think the worm has turned higher for crude for good - though pretty stiff corrections down are likely. Not at all sure about gold. Seasonally, April isn't a good time to buy PM - that could argue for higher equity - Really looking at the current move higher as corrective - fishing for buy stops above the market before the nearer term trend re-establishes for the rest of the week. But who knows - first key level I'm looking at is June Dollar 99 - as long as that is not broken - I'd be selling this equity rally - wouldn't at all be surprised if equities end red - even today ... If the other markets mentioned start moving contrary to the directions indicated above than that would be an indication that we might be headed higher here - after all. Doubt it. Good Luck !