The Euro is at some serious horizontal resistance and the top of a bearish wedge. Does the market expect more Euro easing soon??
Breadth is diverging across the board.
China is getting weaker and weaker even though most world markets are rising. You've got to expect China will lead the next leg lower in the markets.
The CRB:SPX Ratio is forming a bullish head and shoulders.
The CRX:CRB is in a bullish consolidation. It looks like commodity shares are going higher.
Restaurant index is shaping up to be quite bullish in the short term. Some names I like long include: MCD, PNRA, BWLD, DIN
The action in junk bond ETF's JNK and HYG suggest risk is still on.
IBB:XBI ratio is starting to signal RISK ON in the space.
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