Saturday Chart Fest

Good Saturday Morning Chart Fans!

I suppose today’s theme is that the laggards finally moved while I was away. The contrarian in me has me thinking I should wear this button as we head into mid July.

DJIA. Finally completed the h/s bottom I drew in late May.

Transports. Nice breakout but closed at the LOD on Thursday.

Utes. Been going nowhere.

SPX. How thick is your pencil?

Naz.

IWM

QQQ

QQQJ. I am surprised the juniors haven’t made a new high yet.

SOX. No new high for the semis.

Bank Index. Is this 2006?!!

XLI

IGV

XLE

OIH

XME

XLP. Will it breakout?

XLV. Trying.

XBI.

ITB. Trying.

XLB. Threw this one in today cuz it’s getting interesting again.

URA. Stalled

PALL. Would you look at what finally broke out while I was gone!

LIT. Can it? Will it? If it does you know they are scraping the bottom of the barrel.

IYR. Like the Utes, not much.

GLD. Watch that 300 level.

KWEB. The h/s top is still there. But it doesn’t move. Just a giant sideways.

VGK. Finally got a pullback.

McClellan Summation Index. Heading up.

Bondaleros. Yield on the 10 yr.

DXY. Still think it rallies. Been wrong.

Citi Panic/Euphoria. Back to Euphoria.

Insiders. Barron’s did not post this week, likely due to the holiday being on Friday.