•S&P 500 is within striking distance to fresh highs. (SPY)
• NASDAQ breaks out, while Small caps trend lower (QQQ, IWM)
•I would continue avoiding European & Emerging equities. (EEM, VGK)
•Japanese stocks look shaky (EWJ)
•Strength in bond proxies is explained by a drop in the long-term yields (IYR, PGX, PFF)
•Price action in Utilities may be indicative of a brewing breakout (XLU)
•Staples clear important resistance levels (XLP)
•Aggressive traders could short the high-yield debt now (JNK, HYG)
•Investment-grade bonds & Treasuries gain for 5th straight week, but still vulnerable (TLT, IEF, AGG, LQD)
•Dollar could correct slightly, but the major trend is Up
•Gold makes a new low for the move.
•I would short gold and gold miners on any strength (GLD, GDX)
•Oil needs to do more correcting (USO)
•Hopefully you shorted Natural Gas (UNG)
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