Crude Oil and Gold cycles look promising

Thursday’s Equity snapback rally proved short-lived, as some European bank credit default swap widening spooked the bond market, and stock indices followed suit.   The rumor was that counter-party hedging was responsible, but the bond market was volatile yet again.

While stock indices managed to recover by the close, breadth was lower by nearly 2/1 negative as Equal-weighted Financials, Energy and Utilities all fell more than 1%. 

Near-term, it’s st...

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