DOW got less than 100 points from the 10 year top line which so far is my last technical stop for the uptrend . However this chart and the SP500 now have a very strong momentum and technical pictures in uncharted territory so many things can happen. One thing is the same for all these things - the up trends will likely continue. Bonds and stocks are rallying together while the yields fall sharply. No fundamental clouds can stop this momentum, the way I see it. I see no weakness in the US indexes. FTSE is still in a daily down trend but this can change during next week if the rallies continue. SWED and DAX up trends are clear but not specially strong.
To find weaknesses in current trends is difficult which is my job. Now it is only FTSE and IBEX. Historically there is seldom down turns at this time of the year before X-mas but the charts from this period is very important for the beginning of 2014. There can be a blow out in the US indexes which will be a very strong uptrend which suddenly ends. If that happens you will find out in this blog as usual.
To find weaknesses in current trends is difficult which is my job. Now it is only FTSE and IBEX. Historically there is seldom down turns at this time of the year before X-mas but the charts from this period is very important for the beginning of 2014. There can be a blow out in the US indexes which will be a very strong uptrend which suddenly ends. If that happens you will find out in this blog as usual.
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