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Dow Jones Industrial Average and S&P 500 trading near all-time highs
NASDAQ and Technology ETF at all-time highs S&P 500 (SPY) with 3 Inside Weeks in a row Small caps somewhat oversold and could easily break to fresh all-time highs Financials (XLF) pull back slightly while Consumer Cyclicals and Industrials (XLI) push to all-time highs | Health Care (XLV) still with bullish divergence | Consumer Staples (XLP) break to 3-month high | Real Estate (IYR) and Utilities (XLU) still go nowhere, but are bullish | Junk bonds (JNK) finally take a pause after 5 weeks of all-time highs Questioning the downtrend in bonds (LQD, IEF, TLT) US Dollar slides for the 4th week in a row, but short-term oversold | Euro, Pound Sterling and Yen analyzed Gold runs into resistance area and unable to penetrate for now | Gold miners (GDX) have minor bullish divergence Energy SPDR (XLE) may indicate that oil has some more correcting to do Natural gas (UNG) corrects within a bigger uptrend Charts mentioned in this video are located here: stockcharts.com/public/1229503 |
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