I will be posting twice a day on week days. One post before US stock exchange open and one post at the close. I will also post a look ahead for the week on Sundays.
Today is Sunday so lets take a look ahead:
First of all lets talk about the 10 Year Yield, IMO it has reach a high at 1.7, at least for the coming months, so you can expect stocks to go higher on a stable Yield. Moreover the Dollar Index rose last week and has touch its 200 day mA, I expect it to go down from here, so great for stocks and commodities. Silver fell to its 200 day mA and very quickly rebound a bit, that's a very healthy sign. IMO Gold and Silver are at the end of a correction phase and we should se both move higher in the coming weeks. However we must look close at the 10 Year Yield as it is the drives the markets one way or the other. So that's it for today, hope you find these posts useful. Remember this is not financial nor Investment advice, just my thoughts and it should be consider for entertainment purposes only.
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