http://stockcharts.com/def/servlet/SC.web?c=$CRB,uu[w,a]dallyiay[df][pb50!b200!f][vc60][iut!Ub14!Ua12,26,9]&pref=G STILL in uptrend, but recent weakness might hold at 200 SMA, a break here has significance to greater economy.
http://stockcharts.com/def/servlet/SC.web?c=$wtic,uu[w,a]dallyiay[df][pb50!b200!f][vc60][iut!Ub14!Ua12,26,9]&pref=G Same here with OIL, recent weakening might get support at 200 SMA, but is the GLOBAL REFLATIONARY EFFORT now cooling off?
As the FED continues to RAISE RATES in the face of a slowing economy. MUCH of the SPX profits have come from ENERGY and FINANCIALS.
Just a correction in XOM? and in JPM?
And HOW is the CONSUMER holding up, especially those on hourly pay? WMT chart
FLAT TREASURY CURVE usually spells out Recession ahead. FED FUNDS 3% 10 YR 4.19% !
And the FED is daft to explain why? REFLATION HAS TOPPED! IMHO
D
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