Hey Folk
I witness the Commitment of
Traders report on the stock market have multiyear high commercial buying. In
Layman, the Big Boys are accumulating position in the stock market at a record
high level. This level was seen in 2011, where the market went higher
thereafter. The S&P500 had also change from downtrend to up trend. I still
think we have some rooms to the upside. However there are certain key price level
in the S&P500 that is still a resistance.
If these wave of up move realize,
it will naturally bring the rest of the market in the world to go up as well.
Gold on the other hand had
commercial selling to multi year high. In short the Big Boys are selling these
precious metal at record level. This precious metal will go lower in prices in
a slow manner. Gold can hover in a price range for a period of time and then a
break down.
Cheer
