It is safe to say that bond markets have seen their highs. We have had a big decline in bonds specially in euro zone and Japan and also in USA. ( See TLT. Very big decline in the last two weeks.) This also will eventually bring the stock markets down. The downward push in Euro zone and China and India started some time ago and will continue with rallies today.
Gold was up 1% and Silver 1.5%. Natural Gas should start weakening again. Oil stocks have also been going down for a week or so. There is so much oil glut that we will not be surprised if the oil stocks make new lows.
DJI and SPX were down sharply in the morning yesterday but then recovered. DJT did not recover telling us the rally was not across the board. With rally today we cannot rule out the possibility of new highs in DJI. But after that we will have a much bigger decline. Russell 2000 and Nasdaq remain weaker than rest of the markets.Up and down motion is one way insiders can get rid of stocks and establish short positions near the highs.
TLT
Gold was up 1% and Silver 1.5%. Natural Gas should start weakening again. Oil stocks have also been going down for a week or so. There is so much oil glut that we will not be surprised if the oil stocks make new lows.
DJI and SPX were down sharply in the morning yesterday but then recovered. DJT did not recover telling us the rally was not across the board. With rally today we cannot rule out the possibility of new highs in DJI. But after that we will have a much bigger decline. Russell 2000 and Nasdaq remain weaker than rest of the markets.Up and down motion is one way insiders can get rid of stocks and establish short positions near the highs.
TLT
Posts
0 comments :
Post a Comment