Table of Contents:
1) Investors may be underestimating the significance of higher interest rates and the Fed’s recent tightening.
2) The recent rebound in the chip stocks is positive, but it needs to see more upside follow-though.
3) The MAGS Mag 7 ETF is testing a very important resistance level, so it’s next move will be extremely important.
4) The outlook for the European stock market is suddenly dimming quite quickly.
5) The charts on the major indices. (The A/D lines are rolling over in a precarious fashion.)
6) The recent weakness in the financial sector is raising some material warning flags.
7) Is the meaningfully poor action in the Transports telling us something about the US economy?
8) The recent retail sales data was spectacular…so why are the consumer stocks under so much pressure.
9) Potpourri…..Five important charts on BX, HYG, USDJPY, Gold, and Bitcoin.
10) Summary of our current stance.
