Nike/Retail reversal on Dollar, Yield gains looks important

Tuesday’s reversal happened according to plan, and S&P’s pullback back under Monday’s lows looks important and negative, which should result in a pullback to challenge/violate June lows.  Technology, Communication Services, and Consumer Discretionary underperformed sharply, with each group losing more than 2% on the day....

Nike/Retail reversal on Dollar, Yield gains looks important
  • Daily Technical Strategy
 Thu June 9
Dollar & yields pressing higher, causing near-term stress

Dollar & yields pressing higher, causing near-term stress

Stocks weakening specifically as US Dollar and Treasury yields are pressing higherDXY pushed to multi-day highs post ECB, and both DXY, TNX should push higherSmall-caps have begun to outperform Large-cap which I see as constructive https://youtu. be/ES6X-4BvFtw Well, the short-term sideways consolidation was officially broken Thursday, setting up for a...

  • Daily Technical Strategy
 Fri January 15, 2021
Stocks Down 1.5% on Week; Light at End of Tunnel on Virus

US Dollar is Likely in Early Stages of Q1 Risk Off Bounce

2021 TECHNICAL OUTLOOK WEBINAR REPLAY (click here) - If you missed my 2021 Technical Outlook Webinar this past week, I’d encourage you to watch the replay. In addition to outlining the longer-term cycles I view as important, along with expectations for rates, currencies, and commodities, I also discuss the reasons...