•Stocks again close at fresh record highs
S&P 500 is overbought and is now even more overbought – ignore “overbought” readings in a bull market!
QQQ, NYA, Dow Jones Industrial Average, many Sectors, Industrial groups, and foreign stocks move to fresh highs.
Pockets of weakness that could potentially be shorted, but be careful, we are in a bull market!
•Bonds gap down on Friday. Examining the evidence for a trend change for bonds.
•Euro runs into resistance below the 50-day MA, but bigger trend is up for now.
Dollar index could move higher in the next few weeks
•Gold pressured by a stronger dollar. Recent 52-week highs is still the dominant feature of the gold chart
•Oil gains for the second week as it toys with a breakout to 52-week highs.
•Noteworthy candlestick patterns on Natural Gas chart
•Copper pushes to fresh highs
charts mentioned in this video are located here: stockcharts.com/public/1229503