A good strong day today, everywhere actually (Comments of the Day - May 28th - by Redbacka).
OST has some favourable indicators at the moment, mentioned in it’s two charts below; Daily and Weekly.
We also have several other favourable factors around the world on our side. I will leave it with you but things look a lot more promising than any other time since the beginning of May, when the proverbial hit the fan.
Shonan Trader
Other Info
Bullish for Stocks/Commodities
- Falling US$
- Rising EURO vs. US$
- Rising Commodity Channel Index (CCI)
- Falling VIX
- XSO (Australian Small Ords Index – Often ahead of the trend)
OST - Daily
OST - Weekly
US$ - Daily
VIX - Daily
XMJ - Daily
EURO vs. US$ - Daily
An Argument for a bounce in the Euro/Stocks & Commodities
"So the smart bet to make today is the contrary one, fighting the euro-to-zero groupthink and being long this battered currency. Sooner or later some catalyst is going to drive some euro strength, which should ignite a monster short-covering rally to kick off the euro’s next upleg. The best part is this will hammer the overbought dollar, paving the way for capital to return to oversold stock markets and commodities."
Source: Euro to Surge
XSO - Daily
END
