sp'60min
USO'60min
Summary
*I've eyes on Oil.. and the Euro.. both as potential longs.... I continue to refrain from meddling in the actual indexes.
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I have a truck load to say on the giant monthly equity cycles.. but will leave that for a little later.
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Suffice to say.. as for today.. its looking a rough start to the month for those in bear land. A weekly close >2102 would be a problem, although I realise some would merely call it a B wave bounce.
In any case.. the broader trend remains to the upside... the USD still looks set for broad weakness for another month or two.
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notable strength: AA +2.0%... a somewhat rare gain.. and that stock remains in a broad down trend.. still looks headed for $10/9 this summer.