Weekly Charts Updated
This week we are giving you a bonus from Superstock Investor as we publish our complete Weekly Chart Review for your viewing pleasure.
Each week we highlight charts below of the SP500, Russell 2000, NASDAQ Composite, UUP, EEM, TLT, HYG and LQD. The charts use the 50 day moving average slope indicator. When it is green we like the instrument we are tracking and when it is red we avoid the name/sector/asset class.
All equity indexes are in the green and all bond ETFs are in the red now. Emerging Markets is back to in the red. The U.S. Dollar remains in the green. Remember what matters is the slope of the 50 day moving average not the 50 day moving average itself. As mentioned above, bond holders with the exception of corporates should be defensive for the time being. That said, we note the dollar is in rally mode.
All charts are created from www.erlangerchartroom.com and if interested in using this indicator in Chart Room please feel free to send us an email by using the Contact Us section from the home page.
Charts courtesy of www.erlangerchartroom.com