Good Saturday Morning Chart Fans!
Not much changed on the charts from last week but I did try to draw in some new lines. The biggest move last week that is MIA in equity-land: the buck. My patience has been rewarded.
DJIA
Transports
Utes.
SPX. A few weeks from now the chart will look different because we drop (on a 1 yr chart) that high at 4200 from June 2022 (arrow)
Naz. Has same issue as SPX with that high from June a year ago.
IWM. Despite the horrible performance of smalls, 170 hasn't broken yet.
QQQ
QQQJ. Gann Lovers will focus on the blue lines.
SOX
Bank Index.
XLI
XBI
XLE
OIH
ITB
XME
PEJ. Take note it could not breakout and has had a rough May so far.
EEM
GLD
XLP
XLV
Bondaleros. Yield on 10 yr. Has become so narrow.
DXY.
McClellan Summation Index. Still heading down.
Citi Panic/Euphoria back into Panic.
Insiders.
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