Technical Market Report For July 4

 Avg0.47% 0.32%-0.51%-0.08% 0.01% 0.11%

 2000-4-0.22% 0.36% 0.81% 0.19% 0.95% 2.09%

 2004-4 0.00%-0.81% 0.19%-0.82% 0.33%-1.12%

 2008-4-0.90%-1.09% 2.51% 1.20% 0.03% 1.74%

 2012-4-0.16%-0.81% 0.00%-0.50% 1.65% 0.17%

 2016-4 0.00%-0.68% 0.54%-0.09% 1.53% 1.29%

 Avg -0.43%-0.61% 0.81% 0.00% 0.90% 0.84%

SPX summary for PY4 1956 - 2016 

 Avg0.03%-0.19% 0.12%-0.03% 0.37% 0.30%

 Win% 36% 31% 60% 44% 81% 63%

SPX summary for all years 1953 - 2019

 Avg0.06%-0.03% 0.26% 0.18% 0.31% 0.76%

 Win% 60% 46% 59% 62% 70% 70%

Conclusion

The PPT gave us a new all time OTC high to celebrate on the July 4th weekend.

The strongest sectors last week were precious metals and basic materials; the weakest were energy, energy services and banks. 

I expect the major averages to be higher on Friday July 10 than they were on Friday July 2. In the PPT I trust.

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