Short Term Trading Member Forum

[SilentOne]

Hi Oddlot,
An important cycle low arrived for US markets in Q1 (nested 4.5 and 9 year Hurst cycle low). I have to be bullish and optimistic there and buy pullbacks. Market breadth and internals have confirmed an important low for stocks. Now we need to see price advance into next year.
The USD is likely to be strong and actually supportive in my view, enhancing money flows to US equities, as has been the case since 2013. I had speculated early last year that any correction in US equities had to come with a weakening dollar. That did occur as the USD has made a sideways move and so has the major US indices.
And I think a firm USD will likely keep commodities in check and gold is likely to be the odd man out for now. There will be tradeable rallies in the PM space. Hope that offers enough clarity.
cheers,
john