momentum except that gold momentum is negative. For the world indexes with small positive price momentum: U.S. dollar, London and S&P 500 indices are the strongest, according to our analysis. In addition, the emerging markets and Germany have negative momentum at this time in our opinion. U.S. stocks and emerging markets sold out in late February, but bonds did not rise. We are inclined to believe this means that the large hedge funds and NY banks shorted emerging markets. Short investors apparently do not have enough horsepower to succeed for more than a few days because the U.S. markets have since recovered. This market action may mean the U.S. market is going into a “rest mode” or possibly a small correction before going higher in a few weeks. Because the markets can turn quickly, be ready. May the market be with you!
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