I will be traveling today and this weekend, so I am sending out an abbreviated version of our weekend piece this morning (Friday morning)…in place of our usually daily comment.  I will be back on Monday.  Thank you.

 

Table of Contents:

1)  Slight break above the all-time highs.  Will the stock market breakout…or form a “double-top”???

2)  History shows that Fed rate cuts…after an aggressive tightening cycle…are BEARISH for stock, NOT bullish!

3)  Update on the charts for the major stock averages.

4)  WTI crude oil testing its KEY resistance level.  Nice breakout in natural gas, but it’s getting overbought near-term.

5)  The Bloomberg Commodity Index is testing KEY resistance…but copper is getting overbought near-term.

6)  Like so many other charts, Nvidia (NVDA) stands at a critical level.

7)  Potpourri….Just one this week.

8)  Summary of our current stance. 

 

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