The Short-Term

Could the US Dollar have a serious break down? What will happen in the stock market if it happens?

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Stocks had a very nice recovery today. The post French election break out is holding well after testing the 50-day yesterday.

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The NYSE new 52-week lows were at a much safer level today than yesterday. The Nasdaq was still a bit elevated though.

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Here is a broader look at the market. A couple more days like today, and I think it would signal either a new medium-term up-trend or that the medium-term up-trend that started with the election hasn't ended yet.

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No time to review Commodities, Currencies or Sentiment today. So I am hoping to get to it tomorrow.

The Leader List

I had to add another filter to this list to keep the number of out-performing ETFs to less than a dozen.

Europe and EFA are on fire. They are performing really well. Pharmaceuticals are just beginning to break out of a large base.

South Korea, Materials, Utilities, Mid Caps were very strong today. Biotech and Oil Exploration were weak.

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