Friday, 6/6:

Price chart analysis and commentary

$NYAD:

The NYSE advance/decline line can’t make it up to the April and May peaks. Breadth is weakening on each S&P 500 price high.

S&P 500:

The 1.03% gain takes the index over the 6000 level for the first time since February. The 50-day and the 200-day moving averages continue to trend upward.

Nasdaq 100:

It’s an uninspiring inside day candlestick for this index: no higher than Thursday’s high and no lower than its low.

iShares 20+ Year U. S. Treasury Bond ETF:

The bond fund drops 1.28% as bond yields rise. Note that the price remains below both the downtrending 50-day and 200-day moving averages.

SPDR Gold Shares:

The 1.36% price slide almost fills Monday’s gap up. A test of the uptrending 50-day moving average may be in order.

United States Oil Fund:

Today’s 2.06% gain makes it one week of price above the 50-day moving average. The downtrending 200-day moving average is just above.

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