Nasdaq. Weekly chart.
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Hasn't yet broken that trendline. Might be thinking about it, but not yet.
Next is one I've done a lot of handwringing about--CME
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Trying to break that uptrend, eh? If it does, all the volume overhead ("the bagholders") will likely provide either overhead resistance, or fuel for a downtrend. It'll have to show some strength, soon, for me to want to be long this one.
Now contrast the CRB
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Uptrend, pretty strong move the last couple weeks. Maybe the CME is no longer a good proxy for this one?
Next is gold.
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Still a nice uptrend. (Keep the Krugerrands buried in the backyard, maw!)
Dow Utilities
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Still hot. Next test will be the overhead resistance about 400, or 10% higher.
Finally, Warren Buffett's favorite short, the USD
Courtesy of stockcharts.com
The downtrend continues to play out as expected.
Have a great week everyone!
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