The video in this report is only accessible to members
The video in this report is only accessible to members

Near-term trends for US Equities and Treasuries seem to be at resistance, while the US Dollar index has begun to rally.  A majority of the major sectors are also now right near meaningful intermediate-term downtrends.  Until we can see proof of downtrends being convincingly broken across the board, I still view current levels as being a poor risk/reward for new investments without consolidation.   Weakness possible into 12/21

Equities attempted a brief pullback Monday, but this wasn’t sufficient towards thinking markets would extend lower right away with regards to either Treasuries, nor Equities.

Much of this trend uncertainty has to do with Treasury yields which as shown below, failed to break their existing downtrend.  This will be important given recent negative correlation trends with SPX, and it’s arguably going to be positive for Yield trends if $TNX climbs back over 4.36% on a daily close. 

The video in this report is only accessible to members

Overall, I believe it’s right to be somewhat cautious over on the possibility of SPX extending much further without consolidation for the following reasons:

SPX remains under 4607.07, the July 2023 peaks TLT remains under $94 which alig...

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