GDP And The Three Bears

Here are the highlights from both the free and premium videos:

  • IWM is lagging, but it has a clearly defined range which could signal when the next major market move will begin.
  • MDY may lead the IWM’s breakout.
  • SPY and QQQ are bullish until they close below their 10-day moving average with market internals turning lower.
  • Two top industries got hit last week. SMH and XHB. But both have firm trends, and we should expect a rebound.
  • XLF has a bullish breakout
  • XLE rolled over at the 200-day average but stopped at its 50-day average.
  • Interest rates fell (bonds rallied) in response to the GDP report.
  • China’s market, FXI, bounced off of its 50-day moving average.
  • Is DBA at a bottom?
  • And more

There are a few areas to watch for signs of a market reversal, but the majority of the evidence suggests the bulls will continue to control the market.

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Leslie Miriam 3 months ago Member's comment

Revision coming to 5 lololl