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A Technical Briefing On The Major Markets

A Technical Briefing On The Major Markets

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January 17, 2017

SHORT-TERM CRUDE/GASOLINE (LIQUIDITY) MODEL

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product.datastream.com/dscharting/gatewa...

MEDIUM TERM OIL OUTLOOK

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SHORT-TERM EQUITY LIQUIDITY MODEL:

US equities are moving towards an intermediate top during the Jan 22 - Jan 26 time frame, at circa 5100 - 5150 for the Nasdaq 100 Index. We thereafter anticipate a pullback towards the 4850 area, expecting a trough during the 2 nd week of March.

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MEDIUM-TERM EQUITY OUTLOOK:

We some in project a top for the Nasdaq 100 at circa 5270 sometime in May. A large corrective decline towards the area of 4600 - 4500 comes thereafter.

LIve link:

product.datastream.com/dscharting/gatewa...

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SHORT-TERM BOND YIELD (LIQUIDITY) MODEL:

US bond yields are likely gearing up for another push higher towards the early part of April - the objective is probably the area of 3.0%. Expect an intermediate top sometime in late February before the 10yr yield attempts 2.9% - 3.0% in April.

Live link:

product.datastream.com/dscharting/gatewa...

MEDIUM-TERM BOND YIELD OUTLOOK:

A top at 2.9% - 3.0% will likely be followed by a significant decline in rates to circa 2.0% by Q3 2017.

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product.datastream.com/dscharting/gatewa...

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SHORT-TERM US DOLLAR (LIQUIDITY) MODEL:

US Dollar is likely gearing up for another rally towards 112 in the Dollar Index during the early part of April. Expect an intermediate top sometime in late February before the USD TWI attempts to make a new high in April.

Live link:

product.datastream.com/dscharting/gatewa...

MEDIUM-TERM US DOLLAR OUTLOOK:

A top at 112 - 113 will likely be followed by a significant decline of the USD TWI to circa 100 - 99 by Q3 2017.

Live link:

product.datastream.com/dscharting/gatewa...

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SHORT-TERM GOLD (LIQUIDITY) MODEL:

Gold is likely gearing up for another decline towards 1050 - 1020 during the early part of April. Expect an intermediate bottom sometime in late February before the Gold attempts to test the 1050 level.

Live link:

product.datastream.com/dscharting/gatewa...

MEDIUM-TERM GOLD OUTLOOK:

A bottom at 1050 will likely be followed by a significant Gold price appreciation to circa 1250 by Q3 2017.

Live link:

product.datastream.com/dscharting/gatewa...

Disclosure: I/we have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours.