•Russian Trading System (RTS) Futures are down over 21% from the recent highs
•Marking the overhead resistance on RTS futures & support on USDRUB
•Stock market’s technical picture continues to favor the Bulls
•Small caps outperform large caps
•Rally in the junk debt is helping the stocks
•Fear is on the rise, as the investment-grade debt and Treasuries rally towards resistance. For now, this rally should be shorted.
•Bond proxies (Utilities, Real Estate, Staples, Preferred) may already be headed to fresh lows
•Due to geopolitical tensions, Forex markets get an injection of volatility. Dollar still in a downtrend
•Gold breaks to fresh highs. Gold miners should follow suit soon, to avoid further divergences of price
•Oil breaks to new highs. Energy ETF (XLE) nearing test of overhead resistance
•Natural gas may run-up to about $3, but should be shorted there
•Cryptocurrencies have plenty of room further to fall (Bitcoin, Litecoin, Ripple, Etherium)
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