Saturday Chart Fest

Since the market barely budged on the week and mostly churned there isn’t much new in the charts. The DXY has finally (!!) rallied and probably because of that it now seems every clown on television likes it (where were they 2 weeks ago?!). Scares me and my fondness for the buck.

Dow.

Transports

Utes.

SPX

Naz

IWM. I was actually surprised that this was down on the week.

QQQ

QQQJ. Juniors have not made a new high and took it on the chin Friday.

SOX. Everyone loves the semis. Up about 55% from the low. XME is up 52% from the low. Not as much love for metals as there is for semis though.

BKX

XLI

IGV. Software is definitely NOT eating the world. Is the world eating it? Blue circle pattern is what to watch here. Gap up, immediately gets filled but bounce from it is pathetic. No bounce on Friday from the gap fill though.

XLE

OIH

XME

XLP. More like staple remover, amirite?

XLV. Down but is it out?

XBI.

XLB. Still interesting.

URA

GLD. Still needs to hold 300.

ITB. Trying.

IYR.

PALL. Finally!!! The wait has been long but we were finally rewarded.

LIT. My gosh they are even rallying this garbage.

VGK

KWEB. Yep, the h/s top is obvious. But that range is getting awfully narrow. Is it gonna break?

McClellan Summation Index. Still pointing upward.

Bondaleros. Yield on 10 yr.

DXY. See my comments above. Still needs to cross 98. I remain hopeful. I just hate how much company I have all of a sudden.

Insiders. Still high.

Citi Panic/Euphoria. Back into Euphoria.