Mar 1

Weekend Outlook for 2nd March 2015

To keep it all simple:

1. Markets has now reached the bull market targets and IF this was a bull market top on SPX, Dow and COMPQ – then we should shortly see a move down which might have started late last week.

2. Markets extreme overbought and most people are bullish mkts overall now , makes the chances better that a top is close or in.

3. VIX at extreme lows levels and is likely to push higher

4. Gold looks ready to make a large rally higher and looks bottomed to me. Expect a massive move higher in Gold here in March.

5. Oil looks bottomed too , expect the pullback is soon done and then I think we see another large rally higher in oil into 60-70.

 

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