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

To: The Ox who wrote (18804)	3/14/2017 9:27:13 AM
From: John Pitera	Respond to of 33421

HI Ox, great charts..... I like your SPX chart. I posted this on the new 2001 unwind thread on Sunday night. "I think Tepper and Katie Stockton are right.... Stockton thinks we might pull back to SPX 2280..... but the medium and longer trends are very strong. The Trillions of Dollars, Eur and YEN that the Central banks have created just keep funneling into the equity markets...... and no one is keen to be overweight bonds and fixed income. As George Soros famously said in late 2006 .... there is an endless sea of liquidity."

To: The Ox who wrote (18804)	3/14/2017 10:14:25 AM
From: John Pitera	Read Replies (2) \| Respond to of 33421

It's been a number of years since OPEC has had any pricing power that has held up..... in the Nov through January their were several rumors of OPEC actions that helped to goose up the price of crude and the distillates . the entire energy complex has been in a real free fall recently April NYMEX crude April NYMEX Gasoline April Heating Oil -- NYMEX The Gasoline contracts for May and June have been hit at least as hard in the large decline. same thing with the forward crude and Heating Oil. JP