Treasury yields near resistance after a historic 1st Half Array ( [cookie] => 036ab8-6547a6-cf8512-7b95b8-269f28 [current_usage] => 2 [max_usage] => 2 [current_usage_crypto] => 2 [max_usage_crypto] => 2 [lock] => 1 [message] => [error] => [active_member] => 1 [subscriber] => 0 [role] => fsi_macro [visitor_id] => 591084 [reason] => [method] => ) 1
Trend bullish- S&P 500 closed at the highest levels since last April as the broadening out of the US Stock market rally continues. Expect continued gains into mid-July
June closed with a historic run-up in US Equities, which helped to solve quite a few questions as to the legitimacy of this rally. NASDAQ 100 index closed up +38.75% for the first six months, the best start to a year ever through the first two quarters.
Closing up near the highs of the weekly range keeps trends moving higher with no evidence of any imminent pullback. Momentum has gotten overbought in NASDAQ 100, while certainly not yet there in SPX, nor DJIA or Value Line (the latter looked examined given its equal-weighted nature)
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