•Stocks end the week on an indecisive note.

•Sectors are mixed.

•Discretionary Stocks (XLY) advance for the week as Amazon pushes to fresh highs

•Defensive tilt is evident: Real Estate (IYR), Utilities (XLU) and Health Care (XLV) post a weekly gain

•Bonds of all types bounce following significant selling

•Junk debt may be poised for a fresh low

•TLT can already be shorted by aggressive traders

•The Dollar Index moves higher towards resistance as other currencies weaken

•This is weighing on gold and the gold miners (GDX)

•Energy companies are benefiting from oil trading next to the 52-week highs

•Natural gas may still continue higher to around $3, where it should be shorted

•Major cryptocurrencies at resistance and ripe for shorting (Bitcoin, Litecoin, Etherium) 

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•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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