spx review of weekly range 220 to 2920 has got through the 2800 level. will see this week if has a go at 2920 or not
fed rates this week and seems dow expects green leading up to it if rates stay low then money stays in market. if rates go up then some money leaves market for safety of interest rate returns each year simple as that? experience for me is that when green baked into decision then will see some profit taking but anyone who said dow to fail this year back below 2200 not looking so good now for them gold ? if does turn green after march then I will be happier with it but normal route after march is down for that quarter. i am happy either way. i cant see it back to lows.
copper and zinc? i have to go back to post gfc year where we had a strong feb and then a magnificient may of all things. july even stronger and then flat. bhp ran and ran for that period but once top in then fallen pretty much since. green again over last year so will see if we get a spike up
anyway rambling road map getting a bit clearer just here
all seems a bit out of kilter just here so fed playing a big role again then we have brexit and us china trade announcements overdue
dont really care too much. whatever is good just here seems to be running okay so macros seem benign to me
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