- Small-Cap Growth +.37%
- Gold & Silver +5.20% 2) Steel +1.92% 3) Homebuilders +1.29%
- NIHD, BAP, LFC, NGD, PUK, CLDX, NPSP, DOLE, NOAH, OLED, SFUN, BBRY, EMES, NPSP, YRCW, CLF, JWN, UEIC, DANG, INVN, SA, SSYS, RGLD, KKD and PF
- 1) TWX 2) NPSP 3) OLED 4) FXY 5) OXY
- 1) FFIV 2) KKD 3) NTAP 4) WBMD 5) OSK
1 comment:
The Interst Rate on the US Ten Year Note, ^TNX, rose to 2.61%, causing Aggregate Credit, AGG, to trade lower.
Energy Partnerships, AMJ, seen in this Finviz Screener traded lower 1.0% lower. Tesla, TSLA, led the Automobile sector, CARZ, lower 1.0%lower.
Silver Miners, SSRI, 10.2%, SILJ, 7.6%, SIL, 6.2%, as Silver, SLV, rose 4.4% Gold Miners, GDXJ, 8.7%, GDX, 5.7%, as Gold, GLD, rose 1.8%
The US Dollar, USD, rose 0.4% from the edge of a head and shoulders pattern. I expect the US Dollar, $USD, to rise to about 84, before it once again falls through its broadening top chart pattern, seen in Corey Rosenbloom article August trendlines for the US Dollar Index. It’s as Street Authority relates, when you see a broadening top, the market will eventually drop. A higher dollar is not conducive with rising stocks, I believe that the seven week long rally in Nation Investment, EFA, Small Cap Nation Investment, IFSM, World Stocks, VT, and Global Producers, FXR, is over. With a stronger US Dollar, look for the Japanese Yen, FXY, to now trade lower; and look for significant deleveraging out of stocks once the EUR/JPY starts to trade lower.
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