End of day technical analysis of the major stock indices, Treasury bonds, the US Dollar, & Euro including some key levels & developments to watch for. Silver or Gold level access initially required.
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Closing Market Wrap 1-7-21
2021-01-07T17:39:01-05:00Jan 7, 2021 5:39pm|Categories: Equity Market Analysis, Fixed Income (Bonds), Forex (Currencies), Subscriber-only Content|Tags: $EUR/USD, $EURO, $NDX, $RUT, $SPX, $USD, /DX, /E7, /ZB, /ZN, FXE, IEF, IWM, SPY, TLT, UUP|6 Comments
Hey randy, thanks for the update… crazy market we got going. You should check out CPIX, it’s a pharmaceutical company so not a sector/industry you are focused on, but CPIX has one of the best bull technical set ups I’ve seen in a while. Huge bullish divergences and looks like it’s about to bust out of a falling wedge…. just thought I would contribute a bullish trade idea set up as there are not too many out there That I would be willing to bet on in the broad market.
Interesting setup. Thanks for sharing.
Hi Randy. Why do you say your prefer scenario or leaning towards TLT being false break down?(I am para-phrasing it and I think you mentioned in previous video too) Because you don’t see FXE rallying or DXY falling? TLT gave us clear signal that the market will rally. Is there other indicators that would support or contradict the TLT break down?
Randy, in yesterdays video you were highlighting the extremely bullish sentiment / put to call ratio. Is that no longer relevant?
How come there’s no down vote thumb?
So basically since yields are near zero, does that mean TLT will only go down from here? I also wonder if they will basically go down along with the stock market if FED becomes hawkish.