Notice the relationships we have in these charts. You can see that the dollar was trading sideways while the bonds ran up and topped out. Now We have the dollar that has been declining since June and we have a bond market that may be starting to roll over. If the same holds true stocks up and bonds down, then this chart is definitely giving us those signs. Also if the truth holds true that a weak dollar means an up market this chart is looking to give us a strong signal once we get a crossover of the dollar and the equity markets. Commodities are getting there groove up following the S&P 500 closely to the upside and Oil seems to be stabilizing down here. If oil can catch a decent bid, I see this market going much higher in my opinion.
Performance Chart on Index, bonds, commodities, Dollar, and Oil
The Yearly Returns Thus Far
No comments:
Post a Comment