Remember the big picture:
Year 3 of Presidential Cycle.
We went up too much too fast. Much of the gains are already made
QE 2 continues until June, then QE 3.
Bonds are indicating that we are at the beginning of a larger correction - uptrend in Bonds.
This decline could easily become a 5-10% correction with the larger uptrend fully intact.
Emerging markets are still in free fall.
In the bigger picture:
It's very unlikely that we came all this way to stop before SPX 1360 and RUT 852 (double/triple top).
Finally, in the even bigger picture, this is a bull market in equities correcting. Remember, in the very big picture the bottom was 666. This is all a bull market. And we have crossed the 61.8% retrace on the SPX.
Buy DBA on the dips.
ST
I am long and looking for higher prices before the correction continues.RUT 852? SPX 1260? Maybe not that much.
MT
Long bonds again at TLT 90.
LT
Still a bull.
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