Dow Jones Industrial Average, S&P 500 and NASDAQ gap to all-time highs
Small Caps lag, but not far behind
QQQ and Technology (XLK) may be overextended after a strong move
Financials (XLF) and Industrials (XLI) at all-time highs
Consumer Cyclicals (XLY) at fresh all-time highs despite Retail ETF (XRT) lagging
Health Care (XLV), Staples (XLP), Real Estate (IYR) and Utilities (XLU) still lagging
Junk bonds (JNK, HYG) at fresh all-time highs = excellent for equities
Bonds may still have some upside left as Corporate (LQD) and Treasury (TLT) bonds attempt to bottom
Third attempt by the Dollar bulls might be the charm | USDSEK testing breakout | USDCAD testing long-term trend line | USDMXN reversing?
Gold has a possible Outside Reversal | Gold Breadth Index shows a mixed picture | GDX looking toppy
Oil in a narrow trading range with an Inside Week
NATGAS has a volatile (but positive) week
Charts mentioned in this video are located here.
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Market Recap: January 27, 2017 - SPY DIA QQQ IWM XLK XLV XLP XLF XLI XRT XLU IYR TLT LQD UUP GLD GDX USO XLE UNG
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7/10/2020 05:02:37 am
Hi. Great comment. I don’t have all the answers. My thoughts are as follows:
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