•Most sectors benefit except for Utilities (XLU) and Staples (XLP) which lost for the week
•Real Estate (IYR) could be making a turnaround
•Homebuilders (XHB) appear vulnerable
•Bonds wallow near the lows (TLT, LQD, AGG).
•Junk debt (JNK) can easily make a new low. This may weigh on the stock market
•Forex action: Dollar could be turning bullish, as several major currencies break support
EURUSD, GBPUSD, USDJPY, AUDUSD, NZDUSD, USDCHF, USDMXN, USDCAD, USDRUB
•Natural Gas (UNG) approaching good shorting levels
•Pullback to around $66 for oil (USO, CL) is now very likely, but the trend is up.
•Energy companies benefit (XLE, OXY)
•Major Cryptos Ripe for Shorting : Bitcoin, Litecoin, 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!