MasterChartsTrading.Com Video Stock Market Recap June 8, 2018

6/8/2018

•Stocks build on recent breakouts in the Small Caps and the NASDAQ-100

•Consumer Discretionary (XLY) Sector is helped by strength in the Retail (XRT)

•Homebuilders (XHB) surge and clear intermediate resistance levels

•SPY is approaching fresh all-time highs.

•The Stock Market is unequivocally bullish

•Bonds and Treasuries are generally bearish and should be avoided or shorted

•The Dollar may be poised for a breakout to new highs

•Forex (EURUSD, USDJPY, GBPUSD, USDCAD, USDCHF, USDSEK, AUDUSD, NZDUSD, USDMXN, USDRUB, USDTRY, USDZAR)

•Gold somewhat indecisive. Looking for clues for the direction for gold from the Forex markets

•Oil could still re-test $61 levels

•Natural gas trades in a narrow range, bearish long-term

•Crypto Slaughter Continues. Bitcoin going down to $6000? Etherium to $400? Litecoin to $100?

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3 Comments

Frank Jackson

6/9/2018 05:39:17 am

Look for DX to collapse after FOMC meeting next week. It's bear market bounce is nearly complete.

Check GLD and how it has responded in the past when its been this oversold. These false breaks on the charts are manufactured to scare people out of their positions.

We'll see soon enough.

Alexander Berger

6/10/2018 04:49:00 pm

yes, we will know soon enough if the Dollar starts losing ground vs other currencies.
If it doesn't ,then gold will likely take it on the chin

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7/3/2018 02:05:58 am

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MasterChartsTrading.Com Video Stock Market Recap June 8, 2018

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