Tuesday, 7/8: Stocks, Bonds, Gold

Price chart analysis and commentary

S&P 500:

A mere .07% drop.

An inside day candlestick - no higher and no lower than the previous session — suggests that traders are waiting to hear some news before making a long or short decision.

Nasdaq 100:

Same inside day candlestick as the S&P 500, but this index is up .07% at the close

iShares 20+ Year US Treasury Bond ETF:

As the 30-year Treasury yield approaches 5%, the bond fund falls below its 50-day moving average.

SPDR Gold Shares:

The -1.03% day keeps the triangle pattern in place. A breakout in either direction, once it comes, is likely to be substantial. The copper market had some interesting moves today. I may have more later for paid subscribers.

United States Oil Fund:

The up .65% session comes on diminishing volume, a non-confirmation.

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