Chris Temple from The National Investor – Mon 22 Apr, 2019

Political News Driving Oil Higher While The USD and Yields Are Testing Key Resistance

Chris Temple joins me to share his thoughts on a couple markets that are at key techincal levels. We start with oil which is getting a pop on the back of US and Iran news. Next is the USD which is again closing in on at the very least a short term breakout higher. Finally we look at the bond market and the 10 year yield trying to continue it’s recent bounce.

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  1. On April 22, 2019 at 11:26 am,
    Matthew says:

    UUP has been capped by the same (rising) resistance since November and currently looks more likely to pullback than break out…

    • On April 22, 2019 at 11:33 am,
      Matthew says:

      In the short term, I don’t see big upside or downside for the dollar…

      • On April 22, 2019 at 1:40 pm,
        Charles says:

        Thanks for the update on the dollar and GDX.

    • On April 22, 2019 at 11:43 am,
      Matthew says:

      It looks like GDX is heading for its 200 day MA and Jan 25 gap…

  2. On April 22, 2019 at 11:51 am,
    GH says:
    • On April 22, 2019 at 11:59 am,
      GH says:

      “What does this mean for bonds?”

      JG: “The biggest problem of the bond market in the next economic downturn is going to be high grade corporate debt. This segment has really increased in terms of outstanding supply. Corporate bonds have been used to finance buybacks and they have been purchased also by corporate pension systems. There are so many of these bonds and many of them are misrated: A lot of what’s rated investment grade should be rated junk, so it will be rated junk in a downturn. The market will be just overwhelmed with supply during a period when there are no natural buyers.”

      Sounds like muppets’ money was loaned for share buybacks, enabling insiders to sell off their own shares at top valuation before defaulting on the muppets’ loans.

      • On April 22, 2019 at 12:03 pm,
        OOTB Jerry says:

        Interesting ……..In the United States, the roads are falling apart, bridges are collapsing and many airports are third world quality. California for instance, has gone from ten million to forty million residents without doing anything in terms of water projects or expanding the freeway system. We can’t even afford to build a train from Los Angeles to San Francisco. It’s very telling when the wealthiest State in the US can’t afford to build a train between its two massive population centers.

  3. On April 22, 2019 at 11:58 am,
    Matthew says:

    Gold has some moving average support just below $1270…

  4. On April 22, 2019 at 12:15 pm,
    Matthew says:

    From a risk-reward standpoint, the stock market looks like a big turd to me…

  5. On April 22, 2019 at 1:15 pm,
    Ebolan says:

    Ah, lying, cheating, stealing…it’s the “…glory or the American experiment.” And then the applause.

    Go 4D Chess! Drain the swamp, yay!

    More neocons, Kushners, etc. MAGA (for the Israeliars, swamp creatures and other assorted criminals)

    • On April 22, 2019 at 1:24 pm,
      OOTB Jerry says:

      Hey……cfs posted that yesterday at 9:35….. 🙂

    • On April 22, 2019 at 1:39 pm,
      OOTB Jerry says:

      EBO…………did you listen to this tape……kind of interesting
      On April 21, 2019 at 3:02 pm,
      Chartster says:
      Read & watch all of it.

      • On April 22, 2019 at 4:22 pm,
        Ebolan says:

        Until Trump gets rid of the neocons or at least gets the country out of at least one of these ridiculous wars (Trump’s words) he’s just blowing smoke, IMO. I heard Coulter had a great article on this and Kushner’s involvement. I heard someone quoting from the article that Kushner told a delegation of Israeliars the he knew Trump had no intention of getting the US out of any of these wars. He’s just saying that to appease his base. Also, Kushner told them that Trump would not shut down the border and that the illegals would continue to come over the border.

        • On April 22, 2019 at 4:39 pm,
          Ebolan says:

          Trump has done a few good things like not going along with that evil, ridiculous Paris Climate Accord and reduce some regulation but over all he’s a big phony and certainly a tool of Israel. And what he’s done with the deficit is ridiculous.

      • On April 22, 2019 at 4:32 pm,
        Ebolan says:

        And Trump vetoed the war powers act on Yemin. What the US is doing there is a giant war crime and our tax dollars are paying for it. Trump should go to Hell for that alone.

  6. On April 23, 2019 at 6:10 am,
    OOTB Jerry says:

    Don’t look at the morning charts…..for gold and silver……both taking a dump…….
    Silver …..buying time……$14.76…….crimex fun and games..