•Market breadth shows Bullish Trend while most stock ETFs are oversold
•Not enough evidence to confirm bearish turn
•Junk bonds attempting to bottom after coming close to February lows
•Bonds of all sorts bouncing
•Bond Proxies (IYR, XLU, PGX) and Treasuries (TLT) can be shorted now
•Dollar may be bottoming vs. Canadian & Australian Dollars & Rallying vs. Euro, Pound & Yen
•This is pressuring gold miners (GDX), but not gold itself. Will GDX rally, or GLD sell-off?
•Oil and Energy producers also diverge
•Aggressive traders could try to short natural gas now (Again)
•After the recent breaks below the Red Support lines, Cryptos collapse
•Bitcoin drops over 24%
• Litecoin: 27%
• Etherium: 42%
•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!