Stocks hit all-time highs
After a pause, we could see another leg up into the year-end Offensive sectors (Financials, Industrials, EW Technology, EW Materials) lead While defensive sectors (Utilities, Real Estate, Staples) lag Some recent trade examples and the importance of tuning-out the news Investment-grade bonds still under pressure, but could bounce soon. I will be looking to short this bounce Junk bonds look much better The Dollar hits 13-year highs with a tentative breakout from a 2 year consolidation This is weighing on gold which is at critical support More bearish divergences on GDX Is oil done dropping? XLE at 52-week highs with bearish divergences Natural gas resumes uptrend Many of the charts mentioned in this video can be found @ MasterChartsTrading public charts list |
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