Sunday, February 22, 2015

Feb 23, 2015 weekly outlook

Seems unclear whether market continues up or takes a short rest.  Greece can kicked down the road a bit.  FOMC still in easy mode (seems they are continuing about $25B a month to their balance sheet as they continue to cycle  securities plus interest back on to the FED balance sheet).  May not seem like much, but it is about $300B a year ($1/3Trillion). But Russia debt downgraded to junk.  So It is a mixed picture.  West coast slow down may be settled, but the damage done will probably be seen in the future.

Like I said an unclear outlook, but I expect a pullback over the next 6-8 trading days.

GL traders

1 comment:

  1. Seven year cycle:

    I have blogged in the past about Jubilee, seven year cycles Kitchin cycles (about 3.5 years / 41 months average), etc