Its Tuesday the 31st Of May. Stock Market is up in Pre-market so my long picks should make money today
Im long MU & JOE & TMV (Tripple short Trasuries). I will look for these to rise today and take profits on them as they are swing trades only to hold temporarily
I see the s@p maybe rising to 1370 or even 1400 before rolling over and going down once more. I do think in the near future there will be an excellent opportunity to short the s@p but that time is not here yet. We seem to be in a daily cycle where the dollar is weaker compared to other currencies. With a weak dollar at the moment, I expect this to be bullish for stocks.
With regards to precious metals, We will be entering soon a seasonal period of softer demand and lower prices. It will be interesting to see if this scenario also plays out this year