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Market Recap: January 6, 2017 - SPY DIA QQQ XLK XLV XBI IYZ AGG LQD TLT UUP GLD GDX USO UNG JJC

1/7/2017

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​Stocks put in their first all-time high of the year
NASDAQ 100 – QQQ outperforms as Telecom, Biotechs, and Technology lead
 High-yield junk bond ETFs close at all-time highs keeping the uptrend intact
Investment-grade bonds continue with their bounce, but may have found resistance at the 50-day moving averages
The Dollar pulls back from multi-year highs
Euro and Sterling gain vs. the dollar
The Yen trades sideways
Canadian dollar threatens its downtrend vs. Dollar
Gold and gold miners gain for the third week straight. Is this enough to hold the bears at bay?
Oil has a big Bearish Engulfing, but is it enough to reverse the downtrend?
Natural gas relieves overbought condition with an almost 12% drop
Copper wants to go higher
Charts mentioned in this video are located here: stockcharts.com/public/1229503
Watch this video on YouTube
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