Sunday, June 26, 2016
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Weekly Look At The US Stock Market

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Here are the strongest industries week over week. It’s no surprise to see Gold & Silver on top, as they have been all year:

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Here are the strongest individual hybrid movers inside Exodus, week over week:
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And, here is a weekly view of the S&P 500, with 2020 pretty much the last line of defense for the bulls.

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LIMIT DOWN: S&P Futures Halted

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The circuit breakers kicked in during the overnight session, halting the S&P futures at 1999. Any guesses to where we open up?

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You can throw your technical analysis book out the window at this point. Good luck out there. I’ll see you guys at the open.

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UPDATED: Technical Look: Gold Futures Up 6% Overnight

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Gold is busting through 1300 on this fine evening, and looks just about ready to break free from this long trading range dating back to February of this year.

Here’s a look at the action since October of 2015. This looks like one giant cup and handle pattern, (although not perfect), fixing to propel the price of gold much higher:

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