Barchart site offers oil stocks with good momentum. traders might spend some time over this weekend over there. Given the oil price range, some of these oil stocks have great potential.
so that USD would have been moved into bullish zone. June 3rd labor report threw USD out of the cloud and into bearish. Next week, Monday and Tuesday, we might move USD back to the cloud upper limit and test. There is something smelly here.
we are just touching the pivot line.
I'll take profit and leave for a while since it is way overbought. I can't own gold stocks which falls into the same case. These commodities are too expensive to be defensive to the downside risk.
Abeconomics will finish its own cycle and stop at where started 3 years ago. Often did I think the textbooks are outdated for that we need something new as the western world is collapsing. I am not saying EM is replacing us. The current world says that we are too big to fall while the EM is too old to lead, in terms of technological advancement.