•Fears of World War III diminish as Russian stocks bounce off early April lows

•S&P 500 Stock Futures (ES) are retesting Support levels in the 2671 area

•Apple drops over 5% for the week.

•Relatively low trading volume on QQQ suggests a pullback to around $150

•Staples (XLP) and Clorox (CLX) put in new 52-week lows

•Overall, the stock market is still bullish in the long-term

•Investment-Grade Bonds move towards fresh lows

•Junk debt also under pressure

•Dollar gains vs most currencies

•Dollar strength is translating into gold weakness.

•Divergences in the gold market keep the gold bulls and bears guessing

•Natural gas appears poised for a rally around $3 – where it should be shorted

•Oil breaks to multi-year highs. Energy (XLE) follows suit.

•Cryptocurrencies bouncing, but should also be shorted soon  (Bitcoin, Litecoin, Ripple, Etherium)

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•The world holds its collective breath as US Allies strike targets in Syria

•Russian Trading System (RTS) Futures are down over 21% from the recent highs

•Marking the overhead resistance on RTS futures & support on USDRUB

•Stock market’s technical picture continues to favor the Bulls

•Small caps outperform large caps

•Rally in the junk debt is helping the stocks

•Fear is on the rise, as the investment-grade debt and Treasuries rally towards resistance. For now, this rally should be shorted.

•Bond proxies (Utilities, Real Estate, Staples, Preferred) may already be headed to fresh lows

•Due to geopolitical tensions, Forex markets get an injection of volatility. Dollar still in a downtrend

•Gold breaks to fresh highs. Gold miners should follow suit soon, to avoid further divergences of price

•Oil breaks to new highs. Energy ETF (XLE) nearing test of overhead resistance

•Natural gas may run-up to about $3, but should be shorted there

•Cryptocurrencies have plenty of room further to fall (Bitcoin, Litecoin, Ripple, Etherium)

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