Friday, 24 July 2009
Mixed News Next Week: Banks Still Have Fire, S&P 500 Out of Gas
New results and signals are now up on my latest signals table. The S&P 500 is going back to cash on Monday's open, and natural gas, after a nice little run, is sadly going to cash on the following Monday's open, Aug. 3. Crude is still on track for a bullish run, now to last three weeks at least, starting Aug. 10.
The BKX U.S. Bank Index is still on fire and looking hotly bullish for a third week in a row. And more bullish news for the Nikkei, too. Oh yes, and the 30-year Treasury data is starting to line up quite bullishly (meaning the yield to decline), though not ready to move yet. But another disappointing week for gold bugs: My setup has been in cash for a while, and now the data's gotten even less bullish. See you early next week with more, including a portfolio update. That should be fun! Hope you have a great weekend.