Unease and geopolitical tension weigh on stocks as a normal correction continues |
Minor bearish divergence in the Advance-Decline lines call for at least sideways, to possibly down trading for the near-term |
Long-term stocks are firmly bullish and this pullback should be used to open new long positions |
QQQ coming down to Earth after hitting fresh highs last week – it is the strongest of the major ETFs |
IWM chops sideways for the 4th month |
Financials (XLF) look vulnerable as they retests January lows |
Industrials (XLI) may be the leaders on the next swing higher |
Risk-off posture shows up in Utilities and its Advance-Decline line |
Junk bonds (high-yield) confirm the long-term bullish posture
Investment-grade bonds break to new highs for 2017 |
LQD closes the gap down |
Treasuries (TLT) well on its way to close the gap
US Dollar down for the week, but long-term bullish | Japanese Yen continues to gain on safe-haven buying |
Euro attempting to find support following two weeks of selling
Gold has a big week and its market breadth improves significantly |
GDX overbought after a 17% move off March lows |
Major resistance for GDX just ahead at 25.86
Oil continues higher, but seems to be running into strong resistance  |
​Natural gas trades sideways 

Charts mentioned in this post are located here:  stockcharts.com/public/1229503

Watch this video on YouTube here: youtu.be/WPfitt8owDg

Stocks move sideways for the week | Possible short-term bearish reversal candles | NASDAQ, Technology (XLK) and Consumer Discretionary (XLY) again at all-time highs | This is still showing good risk appetite | Short-term Bullish divergence on Small Caps (IWM) | Advance-Decline line for NYA hits fresh all-time high = bullish divergence | Financials (XLF) may be done correcting especially if bonds drop | Russia (RSX) gaps down on Syria missile attack 
Junk bonds (HYG/JNK) are confirming bullish posture for the stock market | Treasuries (TLT) and investment-grade corporate bonds (LQD) run into resistance levels
The Dollar (DXY) moves higher against most major currencies confirming the weekly bullish engulfing pattern | Euro slides for the second week | Japanese Yen gains very slightly on safe haven status
Gold prints a stiff daily rejection candle | Will the gold bears come out of hibernation? | Gold miners (GDX) market breadth could still improve
Oil again overbought and looking toppy | Natural gas pushes higher 

Charts mentioned in this video are located here: stockcharts.com/public/1229503

Watch this video on YouTube: youtu.be/qpUV3wldmks