Market Outlook

Quote from GrandSupercycle:

SP500 intra chop reverts back to the usual bearish again.
Updated Nasdaq chart at blog.
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Why are you both long and short the Singapore dollar, if you are a dollar bull overall?
 
More USDX retracement (much needed) and USDX intra trend now choppy bearish. So should be bullish stocks ?



noddyboy,
Medium / long term I remain USDX bullish but shorter term can go long or short.
 
Quote from GrandSupercycle:

More USDX retracement (much needed) and USDX intra trend now choppy bearish. So should be bullish stocks ?



noddyboy,
Medium / long term I remain USDX bullish but shorter term can go long or short.
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Great call...I trade stocks not currencies, but I was short FCX to get the bullish dollar view.
 
Every time the market looks like its going to break support and drop it rallies to the upside and every time it looks like its going to break to the upside it falls back down, this market has done this at least 5-6 times over the last 2 months. SPX 1120 is the breaking point for this market, it has held up quite well since August but a drop below that and SPX will quickly drop to 1050 area!
 
Quote from GrandSupercycle:

SP500 intra chop reverts back to the usual bearish again.
More...
It sure is a good thing we have you to tell us what has already happened.
 
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