•Please make a donation to help those affected by hurricane Irma!
www.RedCross.org is a good place for this.
•Stocks (SPY) close at all-time record highs – Advance-Decline Lines confirm this fresh breakout | QQQ and Dow Jones also move to fresh highs, while IWM is playing catch-up,
XLF bounces, as TLT falls | XLI, SMH, XLU – at records, while XLP has a bullish divergence. | Flat consolidation in TAN resolves to the upside – using the Elite indicator to finds entry points on TAN and FSLR. | XRT may have bottomed
•Junk bonds again at fresh highs confirm the bullish stock market posture. | TLT pulls back from 2017 highs, but trend is likely up
•Dollar index (DXY) attempting to bottom. | Weak Yen is helping, while British Pound and Euro are hurting DXY
•Gold pulls back. A retest of recent breakout above $1300 may be in the cards. | GDX bounces off resistance in the $25.50 area.
•Oil still indecisive
•Natural gas may be resolving to the upside finally
Charts mentioned in this video are located here: stockcharts.com/public/1229503
If you become a member of my Basic trading service you can get an Elite indicator for free until October 9th!