This week I was over at the Nasdaq chatting with Frances Horodelski about where Crude Oil could be heading next and what we’re looking for in order to put on a long position. For US Stocks I think we start to see breakouts in the Homebuilding stocks very soon. We keep bumping up against this overhead supply and as we always say, the more times that a level is tested the higher the likelihood that we break out. REITs continue to do well relative to the S&P500 as the stock market keeps suggesting to us that interest rates will stay down for a while.
Here is the video in full:
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Tags: $TLT $TNX $CL_F $USO $XHB $ITB $IYR