Small Caps Via The Russell 2000 Leading The Rally
After breaking its November 2012 up-trend line on the weekly charts the S&P 500 remains in oversold bounce mode as it re-tests the underbelly of said uptrend. Until the S&P 500 breaks past the 1645 – 1650 area (which is only inches away), this index is thus not showing any leadership. If we look toward […]
US Dollar Index Readying For Higher Levels Still
The reaction to last Friday’s better-than-expected June jobs report was decidedly positive for at least three assets reflecting growth; stocks, bond yields (and interest rates) and the dollar all jumped on the news. On the chart below I drew all three assets and the resulting picture speaks for itself. Stocks, bond yields and the US […]