•US stocks push towards fresh highs helped by the strong Tech & Discretionary sectors
•Small caps break to fresh records. This is showing good risk appetite
•Emerging markets come under selling pressure as the trading range narrows & US Dollar gains
•China – FXI, South Korea – EWY, Taiwan – EWT, are doing OK
•India – EPI, S. Africa – EZA, Russia – RSX & Brazil – EWZ, are approaching bear markets
•Treasuries and investment-grade debt bounces after making a new low
•Junk debt is moribund as it approaches new lows
•This could be problematic for stocks in the longer-term
•FOREX analysis: Dollar continues its rally to a 6-month high (EURUSD, USDJPY, GBPUSD, USDCAD, USDMXN, AUDUSD, NZDUSD, USDINR, USDRUB)
•Gold and gold miners pull back sharply on the heel of rallying dollar. Bear market for gold could be just around the corner
•Oil and Energy ETF (XLE) move to 52-week highs
•Natural gas approaches the $3 area, where it should be shorted
•Major cryptos move lower and may be on the verge of a further breakdown
•Sign-up at www.MasterChartsTrading.com to get the Support/Resistance Trading indicators!
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•Small caps break to fresh records. This is showing good risk appetite
•Emerging markets come under selling pressure as the trading range narrows & US Dollar gains
•China – FXI, South Korea – EWY, Taiwan – EWT, are doing OK
•India – EPI, S. Africa – EZA, Russia – RSX & Brazil – EWZ, are approaching bear markets
•Treasuries and investment-grade debt bounces after making a new low
•Junk debt is moribund as it approaches new lows
•This could be problematic for stocks in the longer-term
•FOREX analysis: Dollar continues its rally to a 6-month high (EURUSD, USDJPY, GBPUSD, USDCAD, USDMXN, AUDUSD, NZDUSD, USDINR, USDRUB)
•Gold and gold miners pull back sharply on the heel of rallying dollar. Bear market for gold could be just around the corner
•Oil and Energy ETF (XLE) move to 52-week highs
•Natural gas approaches the $3 area, where it should be shorted
•Major cryptos move lower and may be on the verge of a further breakdown
•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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