The Markets
The bullish trend we were expecting in the
middle of August gained additional strength in last weeks trading
session. The technical long term trend is for the Nasdaq has realigned
to the upside and joins the DJIA. The Nasdaq has done a ‘whipsaw’, as
Jeff likes to call it, giving a signal that is bullish for all the
indexes. Jeff often sees this type of market being followed up by a very
big bullish breakout. We could see this type of move next week or in
the second week of September. We will continue to hold our long
positions, trim profits, and add to our longs as new setups materialize.
I will continue to advise caution in the first week of September,
however, by mid September we will likely see another very strong move up
on the indexes.
Oil ($WTIC)
Saturn and Mars will make a conjunction in
the sky this week, will likely see a rebound with oil prices moving
higher. A bullish move is likely into mid October.
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