Walking backwards in circles…



The gold rush which impelled gold and bonds has struck a triangle.  This at least contributes some rationality to the market.  One can now wait for the breakout and that should enable a rational analysis and a rational trade.




Bonds and gold are proceeding hand in glove.  TLT is likewise  showing a triangle.  One school of thought says that when gold and bonds get together stocks suffer.  We always like to fix on the moment and let the chart tell us what to do.  Right now the chart says “wait”.


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