A bullish outlook on the markets from an admitted perma-bear.
Rick is an admitted perma-bear on the US markets. However when looking at his charts he is able to put his bearishness aside. That brings us to his current outlook for the Dow and S&P that is higher. We also discuss gold and some of the levels both higher and lower that Rick is seeing.
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SIL is also strong when priced in silver (SLV):
http://stockcharts.com/h-sc/ui?s=SIL%3ASLV&p=D&yr=1&mn=5&dy=13&id=p91869914448&a=523525464
20,317? From 21,000?
For those who can see it, this monthly chart of GDM looks very promising:
http://stockcharts.com/h-sc/ui?s=%24GDM&p=M&yr=11&mn=0&dy=13&id=p59868553976&a=521133986
GLD has now filled the May 4 gap — to the penny.
http://stockcharts.com/h-sc/ui?s=GLD&p=D&yr=1&mn=0&dy=0&id=p07662487405&a=521457207
Matt,
Do you think PPP’s BB’s tighten more before it moves up from here or do you think a move is imminent? It looks like it might run be the end of the week. That 200 day is miles away….lots of room to levitate if not now maybe later in the November.
If the rest of the sector cooperates, yes, PPP could have a decent run soon. Today’s selling was aided by the Desjardins downgrade — a contrary indicator in my book but such news does have an impact in the very short term.
Top Hedge Fund managers pay tumbles to lowest since 2005…..zh….
Looks like a FANG bite…..
The Hedges need to call up Goldman Sakers for some experience in rigging …..
SIL is looking good on the important weekly chart:
http://stockcharts.com/h-sc/ui?s=SIL&p=W&yr=5&mn=10&dy=0&id=p70450945096&a=491088089