Bull Market

281 views

There is no question we are in a bull market, but strangely enough it seems everything is in a bull market. Bonds, Equities and Commodities. I’m trying to determine if the weakness in the EU is masking weakness in the US dollar. When I look at gold and silver, there is no question in my mind; The US dollar is weak.

I have also mentioned my love for gold and my belief that it had seen a bottom. I still believe this today and the price action has confirmed these thoughts. While gold hit my price target, I can still see it heading higher.

The question is where do I go next? Banks look weak in my opinion and serve as my canary. Therefore, I’m being extremely careful here. I would also mention bullish sentiment has gotten quite extreme. I’m watching for breakouts as usual, but will be doing more watching then anything else.

I’m watching AMZN very close. I see a broadening top(Here).

2 Responses to “Bull Market”

  1. got any feedback on KSWS
    been watching it but cant find any other beliefs online…

Comments are closed.