Posted by BL (99..201.63) on September 15, 2022 at 20:46:07:
In Reply to: Re: 2 .... PoP / :) ...... market reports???? posted by :) on September 15, 2022 at 20:44:14:
BOTTOM LINE
"Weak breadth numbers are back, rebutting
the message of the strong breadth
data we saw in July to early August. It is
still a bear market. The rapid drop in late
August has created an oversold McClellan
Oscillator worthy of a very brief bounce,
then more downtrend to probably the end
of 2022. Inflation has peaked, but the
fight against it by the Fed is not over.
Look for short term rates to continue rising
for at least the next 10 months. But
long term rates should trend downward
into November, along with oil prices.
Gold has gotten overdone to the downside
and should bounce; sentiment toward gold
remains horrible, which is supportive of
an advance."