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Strategies & Market Trends : John Pitera's Market Laboratory -- Ignore unavailable to you. Want to Upgrade?


To: John Pitera who wrote (17777)2/16/2016 10:46:10 AM
From: John Pitera  Read Replies (1) | Respond to of 33421
 

The crude rally seems to have run out of steam at $30 for $WTIC . The agreement last thursday and yesterday is more for show than for true effect.... this rally looks quite anemic.

Art Cashin pointed out there were very few new highs.... on Friday.

with daily bankruptcies occurring in energy and the ongoing European banks... it appears hard for meaningful SHORT term rallies to occur in this environment.

The Market and Goldman in particular are way to quick to discount the Gold and silver rally.... IMO

bloomberg.com

JP




To: John Pitera who wrote (17777)2/16/2016 10:51:48 AM
From: John Pitera  Respond to of 33421
 
yup ..... as crude goes so goes the equities. I agree with you....bailed and back with the primary tend on a positioning basis. and trading basis.