Jim welcomes back Louise Yamada, Managing Director of Louise Yamada Technical Research Advisors. Louise sees the current range-bound market likely to continue, although the possibilities of a breakout to new highs is higher at present than the beginning of a bear market. She notes that we could also see a scenario similar to 1994-95, where the small cap sectors suffered through a bear market, but the overall market did not. As to oil, Louise believes more consolidation is needed, but the low for oil is most likely already in. Louise sees gold in an interim consolidation period presently. She made her remarks prior to Friday’s run-up in gold, largely reacting to a poor jobs number. As to investors, they should get used to a trading range market. Louise urges caution in this environment. Also in this segment, Ryan Puplava has this week’s Market Wrap-up, and Kurt Wulff From McDep Oil & Gas Investment Research covers the energy markets with Jim.
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