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•SPY looses a fraction of a percent, while QQQ and IWM push strongly higher
This is a “risk-on” posture
Consumer Staples (XLP) continues with its up-move
Transports (IYT) likely weigh on the general market
Utilities (XLU) find resistance at R2 Pivot, but bullish overall
Biotech is bullish, despite the recent selling
Solar stocks keep pushing higher
•Bearish patterns in bullish instruments usually do not work out
•Junk bonds find support and rally
TLT turns choppy as it gaps down, then fills the gap same week (TLT is more volatile then SPY)
•The Dollar may have already rolled over, as Euro and Yen surge
Time to buy Mexican Peso?
•Oil bounces off 1st support, while Energy (XLE) diverged lower
•Natural gas is leaning bullish
Sign up here to get the Elite indicators for Tradingview (they are currently part of the Basic service, but will cost higher soon): Featured Products
Charts mentioned in this video are located here: stockcharts.com/public/1229503
Watch this video on YouTube here: youtu.be/Qs1M2f4LJs0
•SPY looses a fraction of a percent, while QQQ and IWM push strongly higher
This is a “risk-on” posture
Consumer Staples (XLP) continues with its up-move
Transports (IYT) likely weigh on the general market
Utilities (XLU) find resistance at R2 Pivot, but bullish overall
Biotech is bullish, despite the recent selling
Solar stocks keep pushing higher
•Bearish patterns in bullish instruments usually do not work out
•Junk bonds find support and rally
TLT turns choppy as it gaps down, then fills the gap same week (TLT is more volatile then SPY)
•The Dollar may have already rolled over, as Euro and Yen surge
Time to buy Mexican Peso?
•Oil bounces off 1st support, while Energy (XLE) diverged lower
•Natural gas is leaning bullish
Sign up here to get the Elite indicators for Tradingview (they are currently part of the Basic service, but will cost higher soon): Featured Products
Charts mentioned in this video are located here: stockcharts.com/public/1229503
Watch this video on YouTube here: youtu.be/Qs1M2f4LJs0
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