•Fears of World War III diminish as Russian stocks bounce off early April lows
•S&P 500 Stock Futures (ES) are retesting Support levels in the 2671 area
•Apple drops over 5% for the week.
•Relatively low trading volume on QQQ suggests a pullback to around $150
•Staples (XLP) and Clorox (CLX) put in new 52-week lows
•Overall, the stock market is still bullish in the long-term
•Investment-Grade Bonds move towards fresh lows
•Junk debt also under pressure
•Dollar gains vs most currencies
•Dollar strength is translating into gold weakness.
•Divergences in the gold market keep the gold bulls and bears guessing
•Natural gas appears poised for a rally around $3 – where it should be shorted
•Oil breaks to multi-year highs. Energy (XLE) follows suit.
•Cryptocurrencies bouncing, but should also be shorted soon (Bitcoin, Litecoin, Ripple, Etherium)
•Sign-up at www.MasterChartsTrading.com to get the Support/Resistance Trading indicators!
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•S&P 500 Stock Futures (ES) are retesting Support levels in the 2671 area
•Apple drops over 5% for the week.
•Relatively low trading volume on QQQ suggests a pullback to around $150
•Staples (XLP) and Clorox (CLX) put in new 52-week lows
•Overall, the stock market is still bullish in the long-term
•Investment-Grade Bonds move towards fresh lows
•Junk debt also under pressure
•Dollar gains vs most currencies
•Dollar strength is translating into gold weakness.
•Divergences in the gold market keep the gold bulls and bears guessing
•Natural gas appears poised for a rally around $3 – where it should be shorted
•Oil breaks to multi-year highs. Energy (XLE) follows suit.
•Cryptocurrencies bouncing, but should also be shorted soon (Bitcoin, Litecoin, Ripple, Etherium)
•Sign-up at www.MasterChartsTrading.com to get the Support/Resistance Trading indicators!
Follow me on Twitter, StockTwits, YouTube, TradingView, Stockcharts, and FaceBook!
Watch this video on YouTube!
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