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Stocks move sideways for the week | Possible short-term bearish reversal candles | NASDAQ, Technology (XLK) and Consumer Discretionary (XLY) again at all-time highs | This is still showing good risk appetite | Short-term Bullish divergence on Small Caps (IWM) | Advance-Decline line for NYA hits fresh all-time high = bullish divergence | Financials (XLF) may be done correcting especially if bonds drop | Russia (RSX) gaps down on Syria missile attack
Junk bonds (HYG/JNK) are confirming bullish posture for the stock market | Treasuries (TLT) and investment-grade corporate bonds (LQD) run into resistance levels The Dollar (DXY) moves higher against most major currencies confirming the weekly bullish engulfing pattern | Euro slides for the second week | Japanese Yen gains very slightly on safe haven status Gold prints a stiff daily rejection candle | Will the gold bears come out of hibernation? | Gold miners (GDX) market breadth could still improve Oil again overbought and looking toppy | Natural gas pushes higher Charts mentioned in this video are located here: stockcharts.com/public/1229503 |
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