Sunday, April 10, 2011

4/10 Weekly Addendum

My point on crude would not be complete without mention of a fairly reliable seasonal that peaks end of April and bottoms end of June.  This just means the rally in crude won't be a straight shot, but will be slowed down during that stretch.
Stock futures are up overnight, reflecting the budget agreement. 
Euro is in wave c of a 3-wave up from 1.20 registered last June.  The c wave will be a 5 up with only waves (i) and (ii) complete.  The (iii) wave is in progress.

1 comment:

  1. Steve

    Once again, thank you for your insights. They are very helpful and appreciated. You are very good at presenting a complex situation in a clear understandable manner.