Market Outlook

Yea a Jobless bull market because of the stimulus, bailouts, tarp, QE1 and QE2, take that all away and the dow would still be under 8000 today.

This is an artificial bull market.

 

And so it begins...
Futs now 1167.50

 

Equity counter trend rally breaking down in aftermarket.
Will it be rescued later today ? Futs last price 1159.

The uptrend since March 2009 was a bear market rally contained within a much larger downtrend that started in 2000 – According to my indicators the March 2009 lows will not hold.
stockmarket618.wordpress.com

 

Equity counter trend rally still breaking down.
Futs last 1155

 

sorry to burst your little bubble, but all of the above should have ALREADY occurred if it were to EVER occur.

The last part about the Dow passing 14,000 is a throwaway in all honesty. If we got to 14,000 on a stable currency I'd quote you on it. If the currency is torpedoed into the ground and we get there, then it's completely worthless.

 

USDCHF bullish outlook continues and further upside expected.

 

And equity buy support returns... Futs last 1165

 

Bearish rising wedge formation 8 hr chart threatens equity counter trend rally. Futs last 1168.

 

XAUUSD (Gold) significant retracement expected soon.
Spot last 1,753

 

Re SP500/FTSE it may be a large rising wedge which means
upside before downtrend eventually resumes.