Emerging markets out of favor until US Dollar can rollover

Similar to yesterday’s comments, I believe that the recent pullback for US Stocks is nearly complete.  I had emphasized 3900-3930, but specifically 3925-3930 as having importance, and SPX hit that level Thursday and rallied well off early lows. 

Price formed a technical “bullish engulfing pattern” on SPX and NDX, which normally can be helpful towards suggesting a reversal in trend following a pullback.  DJIA, meanwhile rallied to hold prior lows from Dec...

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