2014/06/03: TrendView VIDEO: Concise Highlights (early)
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TrendView VIDEO ANALYSIS & OUTLOOK: Tuesday, June 3, 2014 (early)
Concise Highlights
As noted yesterday, “Sell in May” did not work if you tried it right away. The old adage “Sell in May and go away” might still work out for the equities bears. Yet due some recent years’ tendencies, there is an expectation the markets should actually sell off in the month of May. The reality is that the proof in this pudding is what the equities do after May, and not just in the month. However, even on that basis there is some concern whether the bears are indeed going to be vindicated by the equities sliding down now that May is done. The near term tendencies still more so reinforce the potential for at least a modest further extension of the major up trend in spite of the stale churn of the past couple of sessions.
As we noted since the opening last week, equity market participants would do well to heed the advice often given to riders of London’s Underground, “Mind the gap.” There was a recent failure of June S&P 500 future previous topping action (more on that below), with the push above 1,883-87 two weeks ago a telling violation of an incipient top. And last week’s Tuesday morning post-holiday ‘Runaway Gap’ above the previous Friday’s 1,899 new all-time lead contract futures high (to a low in the 1,904 area) was a significant further indication strength could ensue from even those lofty levels. Mind the gap!!
Authorized Gold and Platinum Subscribers Click ‘Read more’ to access TrendView Video Analysis and Brief Update. Silver and Sterling Subscribers Click ‘Read more’ to access the balance of the opening discussion.
2014/06/04: TrendView VIDEO: Concise Highlights (early)
2014/06/04: TrendView VIDEO: Concise Highlights (early)
© 2014 ROHR International, Inc. All International rights reserved.
The analysis videos are reserved for Gold and Platinum Subscribers
TrendView VIDEO ANALYSIS & OUTLOOK: Wednesday, June 4, 2014 (early)
Not only did “Sell in May” not work if you tried it right away (as noted from the top of the week), but the equities have been very indecisive at the top of June. Even allowing for some price movement on the big misses both ways in the actual economic data, the trends that finished May with a flourish appear to be stuck now. And while the European equities have reacted back down in the wake of some questionable data (especially from core driver Germany), the real stagnancy is in the June S&P 500 future that has a whopping seven dollar range for the first two days of the week (outside of a temporary blip down early Monday.)
And yet, the overall equities trend remains up, and that has finally also taken a toll on the govvies which surged up so smartly last week. Yet as we noted last week as well, those govvies rallies were up to more major resistances. So not necessarily a huge surprise that the govvies are retracing back to lower support, which is compounded by the looming quarterly expiration rollovers that will leave September contracts down into some very key levels. And nowhere is that more interesting than the typical early Bund future expiration this Friday (more below.
Authorized Gold and Platinum Subscribers Click ‘Read more’ to access TrendView Video Analysis and Brief Update. Silver and Sterling Subscribers Click ‘Read more’ to access the balance of the opening discussion.
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