The intermarket analysis says that it is still better to be invested in equities and bonds than in commodities and U.S. dollar. Equites and Bonds are Rising The 30-year U.S. Treasury Bonds, $USB, declined from July 2016 to March 2017 (First Panel Chart 1). It made double bottom near 147.00-146.00 level in December 2016 and…
S&P 500 Sectors Relative Strengths Two Sectors Outperforming Broader Index Two of the S&P 500 sectors, $XLK (Second Panel Chart 1) and $XLF (Fifth Panel Chart 2), are out-performing the index. $XLK is doing better than the index since April 2016 and $XLF is doing better since June 2017. $XLF outperformed S&P 500 from July 2016…
Directional Bias For The Day: S&P Futures are higher Moving down from 2477.50, high at 9:00 PM on August 6 Odds are for a sideways to an up day – watch for break below 2472.75 for a change of fortunes No Key economic data due: Markets Around The World Markets in the East closed mostly higher – Mumbai was down European markets are mixed – Germany, France, Switzerland…
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