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Are Financials Ready to Roll Over?
When looking at the sector weighting of the S&P and Dow, financial are significant. As the YM and ES are nearing their own overbought resistance, financials (XLF) are setting up the same.
Next Stop to the Downside
Of course a passed Brexit deal could mean a little strength on the Sunday open but reports that PM Johnson has the votes was known before the close, so where is the next step to the downside?
Crude Oil Short Setup
After a large inventory buildup reported by the EIA, echoing the private data also showing a buildup by the API… what did crude do? It rallied. And this is exactly what short sellers needed for a trigger.
The Setup in Gold
While it may seem gold is contained and stuck in a range (it is) there is a zone that long positions can be bought in, and in this video, I outline that zone for buyers.
Rallying into Resistance
Step back from the trade war chatter and hopium and 60 billion in “not Quantitative Easing” QE… and we simply have the NASDAQ, S&P, and Dow closing in on previous overbought resistance levels.



