07/07/11 Oscar Carboni Points Out the Dow transports leads the way with new Highs
02/03/10 Oscar points out the bull & bear flags in the Bond Market
As foretold on Monday, U.S. equity indices finished flat for the week. Although there were some sizeable swings triggered by news stories and speculation, for the most part, investors were not willing to take a position in front of next week’s Federal Open Market Committee Meeting.
The scenario for next week is simple in my opinion. Maximum liquidity is bullish.
Stocks Indices Reach Retracement Zone; Shorts Feeling Pressure
A stronger Euro overnight is helping to drive up demand for risky assets, sending U.S. equity markets higher before the opening. The ability to regain the psychological 1.20 price level triggered short-covering rallies in the global equity market, leading to the call for higher openings in New York this morning.