Market Movements
With the dollar going down faster than my H.S. prom date, let’s see where we stand.
The emerging markets like Brazil and India are breaking downtrends and upper bollingers.
LQD continues to rip north on large volume, but I’m getting out for larger returns in precious metals.
While there are many gold miners, few are trading at 52 week highs. RGLD is best of breed until further notice.
The USD has pierced a lower Bollinger, so deflation fears may turn into inflationary ones.
Despite the down day in USO, $WTIC was up today, I’m looking to leverage long oil.
Here comes the wave of “quantitative easing.” Sell the rips in the dollar and buy something tangible like a company that makes shiny things. This could get ugly.