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

To: John Pitera who wrote (18117)	4/12/2016 11:26:15 AM
From: robert b furman	Read Replies (1) \| Respond to of 33421

Hi John, Like seeing crude in the 40's. Also noticed big hedge funds have exited the strong Dollar play. Wondering if imminent dollar weakness is driving oil (and other commodities) higher into summer demand period. That combined with low vix and yesterday's CBOE put call ratio (both of which I track daily) at .87 with most people scared of a decline into the summer - is in my way of thinking a very bullish event. With commodity prices stabilizing High yield should calm down. With most people out of the market - we should go higher through the summer. The old sell in May and go away may just be terrible advice. The market can only go up really high when most of the people are out of the market - we need them to buy at the top. Bob

To: John Pitera who wrote (18117)	4/12/2016 2:16:29 PM
From: John Pitera	Respond to of 33421

Silver continues strong, making a new high. Some talk in the WSJ regarding the gold/silver ratio trade, with silver very low in the long term ratio trade. I am Bullish on both Gold and silver. June crude is now over 120,000 contracts greater open interest than May and June is at $43.30, thus it has caught up to Brent and the SPX and the US indicies should be up very strongly today and finish strong. Very bullish confluence of short term influences as we discussed last night. regarding the JP