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Saturday, April 19, 2014

current fibonacci of asset classes

As I have been predicting from March, DBC trend is reversing since last summer, down trends are finally breaking. Pull backs should be buying opportunity

 

 

GLD:

GLD is consolidating/ diverging from down trend. Plan to sell puts every 2 weeks & on major pull backs.

TLT

For next 3-6months, things look bullish. Classic W. Yellen positive comments for short term rates. Longer term its going back to 90s.

EFA

Has been range bound for 6 months, if it breaks the rectangle, will continue its long term trend. Sell puts on pull backs.

EEM

EEM seems to be beaten & ripe to accumulate. Target DCA for next 5 years

Triangle pattern. Won’t be a runaway success in next 6 months, but great to sell puts every week.

 

SPY:

Volatility decreasing. Target max $190.5 for next few months.

 

 

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