Another positive week, and month. Signals Tweeted up 13%, almost all ETF's, no crazy penny stocks. Signal is simply reliable, even in this whipsaw. Details below.
For the week ahead, my view is and has been we need to get China to News Year vacation before we tip over again. China has no choice but to devalue, and that drives the dollar, and that causes deflation. We are far from out of the woods.
For SPY, and am watching a 61.8% retrace at 197 area as resistance. Also, watching gold and the miners correlate with the dollar as faith in world currencies fade.
Good trading all.
Thank you Bob, follow you at Slope.
ReplyDeleteYou are welcome
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