Suttmeier on the US Capital Markets – July 31, 2008
Yields are range-bound but likely to rise. Fannie spreads have stabilized, but mortgage rates are too high. Gold and Crude oil appear to be topping out as the dollar stabilizes. Apple & Google lose their MOJO. The Monthly Chart for the Dow shows the importance of the 120-month simple moving average. The weekly chart for the Dow shows the importance of the 200-week simple moving average.
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