Multiple Market Update Video 6-24-13
The video update of the markets covers stocks, bonds, gold, silver, and cotton. The stock indexes are currently in a volatile formation which could see further sharp selling for if today's lows are broken. Bonds appear to be in a long term downtrend and have broken the strong negative correlation with stocks since the May 22nd high. This may be indication that the long term uptrend in bonds is over.
I also give a technical indicator breakdown on what to look for on some different time frames in these markets. I discuss the Commitment of Traders data on gold and silver, and I cover a few sentiment gauges for stocks.
No comments:
Post a Comment