•Stocks set fresh all-time highs | My gut feeling is that we may take a pause in the rally | Breadth divergences becoming more pronounced | As we head into the summer month, perhaps a bit more caution is warranted | Is volatility (VIX) at multi-year lows signaling an impeding correction? | Technology and Consumer Discretionary register new all-time highs | This is good for the stock market | Choppy action dominates the small-caps arena | Financials still very likely to retest April lows | Up-move for Utilities continues from November lows

•Junk bonds set all-time highs | Yet investment-grade bonds gap up and hold their own with bullish weekly candlesticks |
•Dollar gains for the week, but on a weak candle | Euro and British Pound may be ready to roll over | Yen looses Vs. US dollar for the 3rd week

•Gold attempting to bottom | GDX prints a very bullish weekly candle | GBI (Gold Breadth Index) improves further | Silver prints a weekly hammer candlestick

•Oil bounces and has an Inside Week | Oil could already be at resistance | Lots of overhead resistance for oil | XLE just can’t catch a bid
​
•Natural gas pushes towards 52-week highs

Watch this video on YouTube

​•Stock set new record highs | QQQ leads as Apple, Facebook, Alphabet and Microsoft hit new highs | Seasonality – sell in May and go away? | Small caps retesting breakout | Industrials, Technology, Discretionary, and Health Care lead | Real Estate prints a Hammer candlestick with a follow-through | Utilities also very strong | Financials may again retest April lows | Junk Bonds pull back from all-time highs
•Investment-grade bonds slide for the week, but are not yet done for and could still rally

•US Dollar at a critical juncture | Break below current levels could mean a retest of November lows | Or maybe this is a cup and handle pattern on weekly charts that will result in new multi-year highs? | Euro gains for the 4th straight week | British Pound may be rolling over back down | Dollar gains vs. the Yen

•Gold has a terrible week despite a weaker dollar | GDX makes a lower low below the March lows | Small bullish divergence leaves a possibility of a bounce, but 52-week lows are not that far off

•Oil makes a fresh 2017 low, but late week buying helps print a hammer-like candlestick | Bearish divergence plays out on XLE | XLE somewhat oversold after a 15% slide since December | XLE is also is at a record un-correlation from the general market

•Natural gas trades sideways

Watch this video on YouTube