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TRADE CALL RECAP For our last live trade call, we were looking at the US CPI report last Wednesday. For the US CPI report, we were looking to enter a short on the GBP/USD if the deviation met our safe trigger of 0.1%. The actual number came out with 0.1% deviation, so it met our…
This week we are looking at consolidating the gains made last week. The S&P 500 staged an impressive bounce off of support levels and needs to consolidate those gains if it is ultimately to follow through. We expect it will follow through even in the face of still relatively high crude oil prices. I mention…
Commodities continue to consolidate as we have mentioned in recent issues. We are now seeing even the leader, crude oil, back off from its highs. While we do not in anyway think the overall bull is dead we do suspect he is tired and looking for a mid summer nap. Freddie and Fannie seem to…