Weekly Chart Review

The Canadian dollar has established a downtrend. What does this say about the Canadian economy which has gotten some pretty good press recently?

The Canadian dollar has established a downtrend. What does this say about the Canadian economy which has gotten some pretty good press recently?

The uptrend in gold stocks is in serious jeopardy.

The uptrend in gold stocks is in serious jeopardy.

An emerging uptrend in the GSCI?

An emerging uptrend in the GSCI?

The recent REIT rally failed at the short term downtrend line.

The recent REIT rally failed at the short term downtrend line.

The 7 - 10 year Treasury ETF made new highs Friday on weak economic data. If the bond market is right about the economic outlook, stocks are going to have some major problems.

The 7 - 10 year Treasury ETF made new highs Friday on weak economic data. If the bond market is right about the economic outlook, stocks are going to have some major problems.

Friday's action in the corporate bond ETF was negative, closing nearer to low. This shooting start formation often marks a top.

Friday's action in the corporate bond ETF was negative, closing nearer to low. This shooting start formation often marks a top.

Emerging market stocks took a hit Friday like everything else, but the ETF managed to stay above the trendline and the 50 day MA. Could we be about to see a divergence in performance?

Emerging market stocks took a hit Friday like everything else, but the ETF managed to stay above the trendline and the 50 day MA. Could we be about to see a divergence in performance?

Canadian stocks look a lot like the Canadian dollar - negative.

Canadian stocks look a lot like the Canadian dollar - negative.

The NASDAQ, like all the US indices is hugging a downtrend line around the 50 day MA. If we don't break this trend soon - very soon - there will be no choice but to call this a resumption of the bear market.

The NASDAQ, like all the US indices is hugging a downtrend line around the 50 day MA. If we don't break this trend soon - very soon - there will be no choice but to call this a resumption of the bear market.

On July 18th, 2010, posted in: Markets by Tags: , , , , , , , ,
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