Good morning from CFT (our video is out!),
Bitcoin:
No change; we have been looking for Bitcoin to work lower. It did perk up a few days ago, but we thought that was going to be re-traced. That is happening; we are $63,200, still looking for a pullback down there around $57,000, before a resumption of the bull market.
U.S. stocks
we were warning of a slight pullback; we have had that. We still think a little bit lower, but our indicators are still friendly longer term, so we want to buy a pullback.
The dollar,
continues to work a little bit higher. Again, we want to be short, indicators have not gotten us there, but we are looking for this market to make a top sometime soon.
In precious metals,
we have talked about a low being made, and we still think that is what has occurred, and we look for higher in precious metals.
Thank you, and have a good weekend!
CFT Team