from Kerry Lutz's Financial Survival Network
Eric Hadik is back… Still a little more upside to go in the stocks. On a relative basis, the last couple of months the tech sector has been giving some yellow flags. Eric expects it to spike to a new high. It’s been giving a couple of warning signs. It held at 12,200, which means 14,000 could be around the corner. It’s probably an intermediate peak in mid-April, but not the final peak. Gold is now at the ideal entry point, once it hit 1670’s. The double low reaffirmed the buy signal. He’s looking for a significant peak in mid-May. Silver should hit a new cycle high as well. The bottom appears to be in and a good rally in early April and a second rally to follow. Bond market has adhered to a 4 year cycle. Peak in prices came in mid 2020, with resulting low in interest rates. Interest rates in mid 2021 should see a secondary high in bond prices. Economic optimism might hit a bump in the road before it resumes the trend. Oil prices heading towards a significant peak. Then it should back down. We might be seeing a retest of the recent high. But a top nonetheless. US Dollar, Eric has been looking for it to set a final low in 2121. On an intermediate basis it spiked over 93 and set an intermediate top. Now it should work its way down with major support at the 88-89 range. Could have a signifcant impact on gold and other markets too.
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from Kerry Lutz Podcasts – Financial Survival Network https://ift.tt/3s1HwjM
