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S&P 500, Dow Jones & Small Caps pulls back from the all-time highs | NASDAQ, Health Care and Technology challenge all-time highs | Very few signs of an upcoming major correction | Financials, Industrials, Consumer Staples, and Utilities trading near all-time highs | Real Estate & Telecom under pressure as bonds take another leg down
High-yield bonds correct within a bigger uptrend | Investment-grade corporate bonds break recent support and may retest 52-week lows | Long-dates Treasuries trading near 52-week lows | 30-year Treasury yield at 52-week highs | Is the 35+ year bull market in bonds finally over? The Dollar pauses within an uptrend | Gold corrects further, but could take advantage, should Dollar at least trades sideways Gold miners are deeply oversold | Long-term market breadth deteriorates further for GDX, short-term market breadth improves somewhat Oil breaks the 12 week consolidation to the downside with an over 9% decline | Oil stocks follow suit Natural gas gains for the second week in a row Many of the charts mentioned in this video are located here: stockcharts.com/public/1229503 |
Watch this video on YouTube here: youtu.be/r2M1dXaAU7M
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