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First  -  A Fun

Quiz

Slowly scroll down, because answers are on the bottom

(I got 9 of 14 right)

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Pass it on

Source and facebook link

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STOCKS

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Italy (Pictured Above)

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___________

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Eurogeddon is

One Step Closer

this AM

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Meltup in Bond Yields Continues


  • Italian 10 year bond yield is rising this AM, (up 1%) but not past Thursday’s high. 5.54% (8:15 AM EST) Well below the 7.00% Danger Zone but along with Spain in a month long meltup thats increasing in speed.
  • Spain’s 10 year bond yield moving in concert with Italy. Up 2.99% to  5.92% (6:15AM EST)

We have a problem

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It sure looks like the

Central Banks are losing control

in Europe.

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Where The Hell is the

Cavalry???

__________

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Old Faithful

The McCellan Oscillator

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  • Our #1 technical forecasting tool, the McClellan Oscillator (MO) fell  to -76.92. (for more see  STRATEGY link at top of blog and scroll down) We are in oversold territory at @-60.  MO is  = Bullish
  • 6 month chart of MO. & a three year chart. Remember – The MO is best at calling tops and bottoms.  Check out the charts. Last dip was to - 85 in March, then -110 in November and then a 3 year low of -140 last April.

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Fundamentals Trump Technicals

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The Meltup in Bond Yields

Trumps our Bullish MO

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  • Spanish bonds over 6% will change the log Term Outlook to NEUTRAL.
  • Technically we do have a buy the dip possibility, but its getting trumped. So let’s wait for a lower MO.
  • US markets, especially AAPL, holding up surprising well, despite Europe’s troubles.

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Longer Term Outlook

3 months+

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A Very Shaky

CAUTIOUSLY BULLISH

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AS ALWAYS, DO YOUR OWN RESEARCH BEFORE INVESTING

ALL TRADING INVOLVES RISK AND POTENTIAL LOSS OF PRINCIPLE

CHECK ALL DATA, I MAKE MORE THAN GRAMMAR  ERRORS.

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