•Click the Like Button and Subscribe to this Channel please!

•Stocks in the US trade near the highs, while most of the rest of the world make new lows

•Is the breakout in Utilities (XLU) a sign of imminent breakout for bonds & Treasuries?

•Defensive sectors outperforming the market 

•Equal Weight Staples (RHS) breaks out.

•Telecom (IYZ) next?

•Dollar finally shows signs of cooling off. Dollar should be bought on any significant pullback

•How and where to short gold?

•Oil approaches strong support levels

•Natural gas ripe for the shorts to step in.

•Cryptocurrencies wallow near the lows

•Sign-up at www.MasterChartsTrading.com to get the Support/Resistance Trading indicators!

Follow me on Twitter, StockTwits, YouTube, TradingView, Stockcharts, and FaceBook!
​
Watch this video on YouTube!

•Please hit the Like button & Subscribe to this channel! – Thank you! 

•Selling of stocks near the all-time highs, likely implies a period of consolidation

•Augusts and Septembers are traditionally weak for stocks and strong for bonds

•Utilities may be in the process of breaking out

•Telecom attempting to come to life

•Overall stocks seem poised for about a 5% pullback

•Price action for TLT and BUND show a possible investor rotation towards defensive assets

•Dollar moves higher as: Euro, Pound, Australian Dollar, New Zealand Dollar, Swedish Krona, Norwegian Krone, Rand, Turkish Lira, Ruble and other currencies make new lows for the move vs. the US Dollar

•Strong Dollar pressures precious metals

•Gold miners (GDX) make a 2 year low. Gold approaches 2 year lows.

Following a bounce, more downside likely for gold

•Strong support for oil around $64

•Natural gas at resistance. Waiting for strong selling to jump on trend

•Cryptocurrencies are still being sold aggressively (Bitcoin, Litecoin, Etherium, EOS)

•Sign-up at www.MasterChartsTrading.com to get the Support/Resistance Trading indicators!

Follow me on Twitter, StockTwits, YouTube, TradingView, Stockcharts, and FaceBook!
​
Watch this video on YouTube!