Equity - While the equity markets snapped back nicely today, the models continue to suggest that we have entered into a corrective phase and should see lower prices over the near term.
10 Year Note - The 10 year note continues to mark time as it seems to be stuck here. I still anticipate higher bond prices and lower yields over the near term.
Corn - No Change in the outlook for corn, please take a look at yesterdays comment.
Cocoa - Still Bearish on Cocoa, as with Corn, take a look at yesterdays comment for the skinny!
Crude Oil - Appears to me that it has completed its counter-trend rally and should now continue to work lower, perhaps sharply so!!
USEC Corp - USU, much like the broad market had a very nice comeback rally today. However as is the case with stocks I continue to think that USU has entered and intermediate term corrective phase and we should see lower prices.
BDAY - Looks like it has entered its corrective phase in full force. I am still looking for the $7.50-$7.60 area to be reached before the rally continues.
Dean Foods - DF has been quite the star!! Since the Three White Soldiers Pattern that I went over in detail, the stock is up better than 10%. It requires repeating that the THREE WHITE SOLDIERS pattern is one of the most powerful and reliable and ignored as well.
New Educational Module will be forthcoming this weekend.
Subscribe to:
Post Comments (Atom)
No comments:
Post a Comment