Saturday Review Link
Be sure to join us by 9:30am ET for this weekend’s Saturday Review. After discussing the bigger picture and gaming out strategies for playing next week’s likelier opening setups, we’ll do instant analysis of any stock charts that you request.
We have two big developments to discuss — my upside target has been tested, retested, and re-retested without breaking, while we’re in the middle of a WedEX signal. All amidst a suddenly changed investment environment, which Zerohedge has helpfully described in bullet points:
Some context for the recent moves…
Russell 2000 Biggest 2 week gain since July 2009
Dow Biggest 2 week gain since Dec 2011
S&P Biggest 2 week gain since Oct 2014
EURUSD Longest win streak since Lehman (Oct 2008)
Dollar Index Biggest 2 week gain since Lehman (Oct 2008)
US Treasury Bond Biggest 2 week loss since Jan 2009
Global Bonds Biggest 2 week loss EVER
Gold Biggest 2 week loss since June 2013
Copper Biggest 2 week gain since Feb 2010Which leaves asset classes at extremes…
USD Index Most Overbought since September 2014
USDJPY Most Overbought since June 2015
USDCNH Most Overbought since Aug 2015
Dow Most Overbought since Nov 2014
Russell 2000 Most Overbought since Jan 2013
Major Financials SPDR Most Overbought since April 2010
Regional Financials Most Overbought EVER
Copper Most Overbought EVER
Gold Most Oversold since Nov 2015
Global Bonds Most Oversold since April 2000
EM Bonds Most Oversold since Dec 2014
Treasury Bond Most Oversold since June 2007Spot the odd ‘market’ out… US Equities are the only winners…