After holding their own until late July, stocks joined oil and the Dollar with a move lower. The chart below shows the US Treasuries Continuous Futures ($USB) and Gold Spot ($GOLD) trading at six month highs. In contrast, Light Crude Spot ($WTIC) and the S&P 500 hit six months lows this month. The US Dollar Fund (UUP) remains above its June-July lows, but is definitely not showing any strength.
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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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