I received some positive feedback regarding the market recap posted yesterday after the close using static charts & plan to do more of those going forward. As there are just too many important technical developments to cover with written commentary & static charts, tonight’s recap is a more extensive, discussing some of today’s key technical developments including the near-term outlook as well as touching on bigger picture/longer-term outlook for the US equity markets.
The following ETFs/indexes/sectors are discussed in this order: QQQ (start to the 18:30 mark) , SPY 18:30 – 21:28, $DXY (US Dollar index) 21:28 – 23:47, GLD 23:48 – 25:11, GDX 25:12 – 27:09, USO 27:10 -28:00, XLE 28:00 – 28: 44, and XOP 28:45 – 30:50