I am on vacation but felt I needed to see what was going on. I don’t have my list with me so I might have forgotten some charts today. The only observation I have is the market has done a whole lotta nothing for the last month. With few exceptions most charts are pretty much where they were right after that mid May pop. The SOX is the big standout as is URA and XME.
DJIA
Transports
Utes
SPX. Closed at 5916 on 5/15. Now: 5967.
Naz.
IWM. 215 resistance. But this 210 area has the NL from the h/s bottom and the uptrend line. Hasn’t broken it. Yet.
QQQ
QQQJ
SOX. Even this stalled out in the last week or so.
Bank Index.
IGV
XLI
XLP
XLV
XBI
XME
XLE
OIH
LIT
PALL
URA
GLD
VGK. Finally coming down.
KWEB. I didn’t draw it in but the h/s top is there. Will it come to fruition?
McClellan Summation Index. Been sorta down since late May.
Bondaleros. Nowhere, despite the positive chatter on Friday.
DXY. I must be the only idiot who thinks the dollar will rally in the next month or so
Insiders.
Citi Panic Euphoria. Just under Euphoria.
Thanks for the charts. Enjoy your vacay!
Definitely not the only person who thinks USD rallies… I still think a ⬆️ USD ⬇️ stocks reaction is lurking. But what do I know, armchair player here 😂