When they energise, high yield assets go north. When they fall sick, high yield assets go south. It is simple as that. That does not mean we should ignore China or Japan.
The DOW had been ranging between 12800 and 13000 for the past 2-3 weeks. The bulls will test the 13000 resistance. If they fail, you might see 12400 supports being tested. If they succeed, 13800 will be the next resistance before the ALL time high.
The Greek event is over. Where is the positive news coming from? As I see it, none at the moment.
However, It is evident that carry trades had been the support for this current ongoing bull trend. The ...
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