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| Financials been in turmoil since the first of year-These things seem to come in waves...Maybe time for calmer waters? Maybe the trades of fear are over for now? The open public auction of price Thurs Fri and tonite tells me a few things-S and P repelled the dreaded 1800 area-Again-30 yr bonds had a HUGE buying exhaustion on the weekly- The corrective rally in metals getting gut ripped tonite-Dollar fighting back in the bottom third of its year long range-Just saying here-Selling metals and bonds-Buying the dollar -Might be a pleasant experience the next 30 days-Now we take that S and P below 1800 and all bets will be taken off the table-1800 S and P is the key area for the financials right now-It needs to HOLD!!!!!!!! | |
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A Little Bit on Tonight
