•Stocks tread water. Dow Jones Industrial Average hits a new all-time high. QQQ still pulling back from very overbought levels. Semiconductors, but not the Biotech is doing most of the correcting. Financials maintain last week’s gains. Retail (XRT) moves within a striking distance of the 52-week lows. Industrials, Health Care and Utilities hit fresh highs. Real Estate is just behind them.
•Junk bonds sell-off for a second consecutive week, but they still hit fresh high intra-week. Bonds outperform stocks as investment-grade debt continues to fresh 2017 highs
•The Dollar is attempting to make a stand not far away from November lows.
•Gold may be feeling the effects of firming dollar as it loses for the 2nd week in a row. GDX is also under pressure, but is oversold already.
•Oil continues lower, while Energy attempts to bottom. Which one would be correct?
•Natural gas prints a second hammer-like weekly candlestick
Charts mentioned in this video can be found here: stockcharts.com/public/1229503
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