Click On Charts To Enlarge:- Charts on this blog include - Cyrptos - Stocks - Forex - Market Indices - Commodities - Bonds

Saturday, March 5, 2016

Has oil got anymore left in the tank?


Looking at where oil daily finished the week on resistance. See if it pulls back at all in the week ahead or if it breaks out. If there is a breakout we could see stocks higher. The reason being is it will take pressure off high yield credit markets. This in turn takes pressure off the banks exposure to defaults in the energy sector. This does not mean that the problems are over, but it has taken some pressure off in the short term.


TNX v SPX daily just watching what happens with U.S. 10 yr Treasuries. See if TNX can test the resistance.


USD/JPY daily is stuck in a consolidation.


The U.S. Yr is selling of as yields rise which is bullish for stocks so we need to see if this downtrend continues lower.



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