12/16/2025
The NDX finished in positive territory, the other two INDU and SPX came back during the day. That suggests resumption of a rally.
RSI at top is rallying and PMO at bottom is turning up, Santa Claus rally ahead.
Yesterday I suggested ten year yield would pull back, looks like it.
RSI turning down at top, OMO is maxed out at bottom. Yields have had a good run form just under 4% to 4.2%. So bond prices rally with stock prices.
Crude Oil
Crude dipped below 55 today and finished near the bottom of the range. Halliburton sold off.
Silver has had quite the run, it may be consolidating for another higher high, which makes sense if bond and stocks will also rally.
My bottom line is a rally in stocks bonds and silver, Santa Claus is comin' to town.
dennis .elam@att.net
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