Meanwhile ….China, DB, Junk Bonds
hate to say it …but, um, who cares?
There are some MONSTER currency moves going on right now … watching China like a hawk. Is is starting down again against the USD?
Pay attention to this, THEN look at the “other” stuff …
DB – largest holder of derivatives “alive” for now …nice 5 waves down into the .786. Expect a rally into high 20’s then back down again …?
JNK … nice bounce from the 35 pattern. hit .786 of last swing and starting back down … hmmm? all good, all quiet on the Western Front, nothing to see here folks move along? Watch this one – closely.