Table of Contents:
1) The US Treasury bond market is in very rough shape, but it’s due for some near-term relief.
2) Similarly, oil prices are extended on a technical basis…even if they continue to head higher over time.
3) The fact that the chip stocks continue to lag…in the face of such good earnings…is a big warning flag.
4) The charts on APPL and ORCL….One looks very good…one, not so much.
5) The broadening out of the rally is quickly becoming a thing of the past.
6) The high yield market is starting to send out some very serious warning signals.
7) The US dollar is on the cusp of an important change in trend.
8) The action in the housing stocks is starting to signal some real concerns for the US economy.
9) Bitcoin’s “golden cross” could be exactly what the bulls have been looking for.
10) Summary of our Current Stance….Can “they” keep the holes in the dyke plugged until the midterm election?
