•Elite Membership Interest list forming! Sign-up here: http://www.masterchartstrading.com
Estimated go live date is Monday, September 18th 2017

•Please hit the LIKE Button!

• Stocks gain slightly for the week, but the pullback doesn’t feel done yet
Small Caps may have bottomed
Consumer Discretionary (XLP) under pressure as US regulators approve sale of Whole Foods to Amazon
Utilities at all-time highs could be leading the rest of the market higher
Brazil (EWZ) negates mid-May collapse

•Junk bonds have likely bottomed.
TLT approaches 2017 highs

•US Dollar hits fresh 52-week lows, while Euro hits 52-week highs

•Gold likes weak dollar, but is at strong resistance.
GDX is about to have a golden cross

•Oil not acting the way I expected – no trade

•Natural gas again goes nowhere
​
•Copper breaks to fresh 52-week highs

•Elite Membership Interest list forming! Sign-up here: http://www.masterchartstrading.com
Estimated go live date is Monday, September 18th 2017

•Stocks move lower and break below early August lows.
IWM very oversold, but not bearish
NYA composite does not exhibit signs of a topping market
Many sectors are oversold and ripe for a bounce: XLF, XLY, XLI, XLV
While other sectors held-up better on this downturn: IYR, XLP, XLU (fresh highs for Utilities)

•Junk bonds have not yet signaled an end to a correction for stocks
Bonds outperform for the 3rd week straight
TLT is approaching 2017 highs
Overall the tone has shifted towards a more defensive play

•US Dollar is attempting to bottom
Yen vs. US Dollar at a logical support level, but could drop to around 107.05
EURUSD is taking a pause and looks bullish

•Gold at resistance

•Oil pushes off intermediate support.

•A breakout above $3 for natural gas could mean a push towards $3.38
​