Thursday, 7/10: Stocks Mixed, Bonds, Gold

Price chart analysis and commentary

S&P 500:

Up .27% as the large cap index hits a new high intraday. The 50-day and the 200-day moving averages trend higher. The RSI shows a negative divergence from price action.

Nasdaq 100:

The index drops .16% as the RSI diverges negatively from price direction. The 50-day and the 200-day moving averages continue upward.

iShares 20+ Year US Treasury Bond ETF:

The gain of .07% keeps the price between a declining 200-day moving average and a downward-leaning 50-day moving average.

SPDR Gold Shares:

The shares stay within the triangle with today’s .24% gain. The price is hugging the 50-day moving average.

United States Oil Fund:

The price backs off by 1.94% but remains above the 200-day and the 50-day moving averages.

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