MBO Issue 39 (Mar 2015) Traders’ Heaven
By Lawrence
Content
- Review
- Euro Messy Swings Ahead
- S&P On Track To Its Blow-off Top
- Gold Is Hanging On A Thread
- Big Picture Summary
Review
Euro entered a more difficult trading environment as predicted in last newsletter. The bounce to 1.14 and above was expected and completed since. The consolidation actions around 1.14 has been a total wait and see game as EU / ECB / IMF started a new round of assaults on the weaker economies within Europe.
S&P took off higher from the short term market breadth oversold condition mentioned last time and never looked back since. This caught many people by surprise but not the premium members here because I warned the move will go all the way into end of February.
Gold’s channel drifting move continues as there is really no reason to go much higher. Both upside resistance and downside support were tested and gold is still trapped in the same range.
(premium member only content below)
Part of our premium service, login now or upgrade your membership to view this report
Bull market began 3/6/2009. Bear market begins 3/12/2015?
Mr, Market sometimes has a sense of humor.
Would you like me to do a review of the new Bob Volman book?
When you have time, please.
I’ll get it done by next Tuesday. We are working on getting some students to study abroad in China [Fudan University] for part of next year. I am in charge of that, so that takes up much of my “spare” time.