•Small caps break to fresh highs
• Semiconductors lead (SMH, XSD)
•Bond proxies also bounce (PGX, XLU, IYR).
•This is likely caused by the investment-grade, but not the junk debt rising
•Junk debt wallows near the lows
•Dollar in an uptrend vs. many currencies, possibly Euro and Japanese Yen. Pound next?
•USDTRY, USRUB, USDMXN, USDZAR, USDSEK, USDCHF, AUDUSD, NZDUSD
•Gold finely poised to do the opposite of Dollar
•Price action for gold and gold miners suggest a strong move is brewing. Long Straddle Options?
•Oil and Energy (XLE) come hard off the highs
•Natural gas approaches the $3 area, where it should be shorted
•Major cryptos move lower and may be on the verge of a further breakdown
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