•Stocks gap to all-time highs on Monday, but correct towards Friday. QQQ outperforms driven by Biotech and Semiconductors. Solar stocks also pop and will likely be the recipients of speculative money in the near future. TAN could strongly gain. Fresh all-time highs in the Advance-Decline volume line would be help me sleep better at night – divergences still remain. Industrials, Health Care, Real Estate outperform. Staples, Utilities, Financials and Cyclicals could be setting up for a bounce higher. CMCSA, DIS, HD, SBUX, NKE are a drag on XLY. XRT hits 52-week lows

•Junk bonds reverse higher. Investment-grade bonds hit new highs for the move. Treasuries leave stocks in the dust for the week.

•US Dollar is having a hard time regaining footing as it retests November lows. Euro seems poised to move higher.

•Gold prints a weekly hammer-like candle. GDX prints a strong weekly hollow candle. Evidence still favors higher prices for gold going forward.

•Oil looses another 4% for the week and prints 2 Inside Days in a row (triangle consolidation). A break below could signal another leg down. XLE approaches 52-week lows. XLE is extremely uncorrelated to SPY. Perhaps oil is becoming less relevant?

•Natural gas is attempting to stabilize
​Charts mentioned in this video are located here

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