WEEKLY MARKET DIGEST: WE REDUCED CASH AT THE MARKET BOTTOM, OVERHEAD SUPPLY IN STOCKS AND OIL $DIA $GLD $QQQ $SLV $SPY $TBF $TBT $USO
(The Weekly Digest reproduces the morning capsules made available every morning before the market open in the Real Time Feeds to the paying subscribers. ) TOKYO JUMPS 5.9%, A TON OF OVERHEAD SUPPLY IN STOCKS AND OIL January 22, 2016 This is what you need to know today. Draghi rally (please see yesterday’s morning capsule) continues. Overnight Tokyo jumped 5.9%. India jumped 2% and China was stable. As of this writing France is up 3.54%. Oil has been running spending most of the morning over $31.00 but is pulling back as of this writing. The ratings agency, Moody, puts 120