Taking a Breather?

When Phase One was announced, stocks established a new steeply rising channel that aimed straight to 3300. When the channel was repeatedly tested, a new, steeper channel was established. Watching Peter Navarro this morning on CNBC, I hear that Phase One is really, truly, definitely, almost, pretty much sort of in the bag.  Or will be soon. The more relevant factoid is that the end of the year is finally here.

The algos, having produced some pretty impressive numbers, can take a breather. From the looks of VIX, USDJPY and CL, they will.The question is: Might it turn into more than that?

continued for members


Sorry, this content is for members only.

Click here to get access.


Already a member? Login below

Remember me (for 2 weeks)

Forgot Password