This week I was over at the Nasdaq chatting with Frances Horodelski
about where Crude Oil could be heading next and what we’re looking for
in order to put on a long position. For US Stocks I think we start to
see breakouts in the Homebuilding stocks
very soon. We keep bumping up against this overhead supply and as we
always say, the more times that a level is tested the higher the
likelihood that we break out. REITs continue to do well relative to the
S&P500 as the stock market keeps suggesting to us that interest
rates will stay down for a while.
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