-Stocks and the Dollar remain inversely correlated.
-Short-term interest rates are edging higher and this could lift the Dollar.
-Gold remains at high levels as the breakouts hold.
-Broken resistance turns into support for oil.
-Bonds bounced off a key support zone.
-Click here to view the charts.
About the author:
Arthur Hill, CMT, is the Chief Technical Strategist at TrendInvestorPro.com. Focusing predominantly on US equities and ETFs, his systematic approach of identifying trend, finding signals within the trend, and setting key price levels has made him an esteemed market technician. Arthur has written articles for numerous financial publications including Barrons and Stocks & Commodities Magazine. In addition to his Chartered Market Technician (CMT) designation, he holds an MBA from the Cass Business School at City University in London.
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