|
Major indices are definitely overbought as they hit fresh all-time highs
This is very bullish in the long-term, but a pullback is increasingly likely Market breadth is confirming new highs Junk bonds near all-time highs give further evidence to the bullish case for stocks Investment-grade bonds are still having trouble stabilizing Municipal bonds likely started their bounce Dollar index challenges 13-year highs This is weighing on gold as it hits new lows for the move from July highs GDX may be headed for another retest of the $20 area Oil hits 52-week highs intraday, but goes nowhere for the week Natural gas continues with its breakout to fresh 52-week highs Charts mentioned in this video are located here: stockcharts.com/public/1229503 |
|
RSS Feed