The market seems to be on autopilot. A beautiful minimum variation uptrend.
A huge $58 billion flowed into the global equity market the first week of Feb.
No change from the Weekly Update posted last week. But thought I would show the near-term possibilities to kick off the week as the SP500 stock index futures jump 25.
No change to the bearish bond and bull interest rate outlook.
The dollar may range trade near-term, but prefer softness into next month.
Gold is due for a low as shown in the Weekly Update-Stock Market.
Oil met the $60.00 target that was presented late last year. Overbought and entering a time of peak demand per intrayear tends, but there is time left on the model clock for additional rally. Watch trend support.
So, cash SP500 stock index to strike 4,000.00 this week?
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