Today's HYG session is a really weak one, and HYG:SHY ratio isn't naturally saving the day --> looks like a case of short-term non-confirmation in the making. Meanwhile, $TLT recovered daily losses much to XLK's liking --> SPX rally's internals are unchanged. The eye catching performance is seen in GDX - keeping the precious metals upswing alive.
110min after the U.S. open update: Markets are attempting to turn the (intraday) corner - if it has any legs today, look for oil to lead the way, followed by copper with silver. stocks recapturing the 3,910 level would be a great start really, if you're into (liquidity) miracles. I like the lower knot in $TLT & indecision in $XLK - thus far, the key words here.
The Curious Staircase Rally In Stocks
Today's HYG session is a really weak one, and HYG:SHY ratio isn't naturally saving the day --> looks like a case of short-term non-confirmation in the making. Meanwhile, $TLT recovered daily losses much to XLK's liking --> SPX rally's internals are unchanged. The eye catching performance is seen in GDX - keeping the precious metals upswing alive.
In advance, have a nice weekend!
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110min after the U.S. open update: Markets are attempting to turn the (intraday) corner - if it has any legs today, look for oil to lead the way, followed by copper with silver. stocks recapturing the 3,910 level would be a great start really, if you're into (liquidity) miracles. I like the lower knot in $TLT & indecision in $XLK - thus far, the key words here.