Critical Point Podcast

The market seems to be on autopilot. A beautiful minimum variation uptrend.

A huge $58 billion flowed into the global equity market the first week of Feb.

No change from the Weekly Update posted last week. But thought I would show the near-term possibilities to kick off the week as the SP500 stock index futures jump 25.

No change to the bearish bond and bull interest rate outlook.

The dollar may range trade near-term, but prefer softness into next month.

Gold is due for a low as shown in the Weekly Update-Stock Market.

Oil met the $60.00 target that was presented late last year. Overbought and entering a time of peak demand per intrayear tends, but there is time left on the model clock for additional rally. Watch trend support.

So, cash SP500 stock index to strike 4,000.00 this week?

USDA report is due. Model outlook with corn as a clue for a critical point for the grains and oil seeds.

L3/L2/L1 Topping process.

Traders prepare for monthly USDA report.

The dollar remains firm.

L3 trend peak is due. L2/L1 trends will remain up for some time, however.

Still a long-term bull market for the US equities.

Trade eyes a stimulus package. Debates bubble behavior versus and sustainable bull market.

Yellen of the US Treasury sees a $1.9 trillion stimulus package as likely creating full employment by next year.

The trend of bond prices is returning to down. Will gold find a traders' bottom. Bitcoin rallies as shown. The dollar is firm and due for a Level 2 (L2) critical point. Oil is firm.

In this episode I show a bit of evidence of the K-styled US economy.

Unless a model change or surge in volatility, the next scheduled update is for Wednesday.