•Stocks grind higher ignoring the “overbought” conditions
QQQ hits new high as AAPL does the same.
Financials at new highs despite bonds moving higher.
Transports are weighing on Industrials, but this is likely an opportunity.
Phillip Morris and CVS drag XLP lower. XLP could turn bearish if it doesn’t rally soon
•Are junk bonds topping out?
•Investment-grade bonds move higher on news of no rate hike
•US Dollar moves higher still, strong overhead resistance around 96 remains
•Gold and gold miners weaken, but likely still bullish
•US West Texas Oil breaks to 52-week highs following a similar breakout by Brent oil
•Natural gas may be ripe for an options breakout play
Watch this video on YouTube here: www.youtube.com/watch?v=SrvzqRnZg6c
Charts mentioned in this video are located here: stockcharts.com/public/1229503