Financial Sense
Jim
welcomes back John Kosar CMT, Director of Research at Asbury Research
LLC. John sees the odds favoring a correction in the third quarter and
advises to have a plan in place to take advantage of any corrections.
John also notes that the market will be more vulnerable to mishaps after
the Fed taper ends later this year. John gives two technically
significant numbers for the Dow; 16600 on the downside, and 17500 on the
upside. Everything starts with interest rates John points out, so keep
an eye on their direction. Also this week, Ryan Puplava has the Market
Wrap-up, Erik Townsend covers commodities, and Tom Smith discusses a
slippage in investor sentiment, and has some takeaways on the Fed
minutes released this week.
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