•Junk bonds reverse higher. Investment-grade bonds hit new highs for the move. Treasuries leave stocks in the dust for the week.
•US Dollar is having a hard time regaining footing as it retests November lows. Euro seems poised to move higher.
•Gold prints a weekly hammer-like candle. GDX prints a strong weekly hollow candle. Evidence still favors higher prices for gold going forward.
•Oil looses another 4% for the week and prints 2 Inside Days in a row (triangle consolidation). A break below could signal another leg down. XLE approaches 52-week lows. XLE is extremely uncorrelated to SPY. Perhaps oil is becoming less relevant?
•Natural gas is attempting to stabilize
Charts mentioned in this video are located here