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Stocks pull back from the all-time highs
For now this is a garden-variety shallow retrace Bullish divergences abound on sector stock funds Consumer Staples, REITs and Utilities could lead the next push higher Junk bonds again at all-time highs – this is good for stocks Investment grade bonds continue with their bounce Corporate bonds show resilience Dollar index gaps down from on Friday and prints a possible Bearish Engulfing on a weekly chart Major currencies are ripe for a bounce against the dollar Gold is not out of the woods and quick, significant upside is necessary to keep the bears away Oil trades near 52-week highs – waiting for sellers to step in NATGAS continues up with fresh 52-week highs, but is overextended Copper is bullish, but may need to do some more correcting Charts mentioned in this video are located here: stockcharts.com/public/1229503 |
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