Market was very oversold. It will take a lot more to turn the trend up. Stay tuned. Here is the daily RWB chart.
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Dollar falling, gold rising and rising bonds suggest lower interest rates
Dollar down, gold up and bonds are up. Rates are likely peaking. Check out the daily RWB pattern in the 20 year bonds.
And the 1-3 year treasuries.
Gold is rising.
As dollar weakens.
Bounce likely–put/call ratio= 1.48
With the put/call ratio at 1.48, 1514 new lows and a T2108 at 8, a bounce is very likely from these oversold levels. In addition, the daily 10.4 stochastics for the QQQ is at 10.