"UCO, USO, UUP, GLD, CRM, PETM, YOKU, DLTR", "Industrial Production"
Technically speaking, the US equity indexes are leading the global markets higher. And bond markets are receiving favorable treatment as indicated by lower yields.
US dollar is gaining momentum after Italy's and is headed to test resistance at 80. As a result Gold is faltering though long term trend favors gold. Short term support for gold is at 1750 and longer term support should be at 1600. Crude oil is testing resistance at $100.
Last week's (week over week) market Sectors Returns and Internals:
- SP 500: 0.85%
- Volatility Index % change, VIX = -0.4%
- Short term bond rate (average of 3 year and 5 year) = 0.64%
- 10 year Treasury yield = 2.04%
- Small Cap (IWM): -0.29%
- Latin America (ILF): -1.07%
- Europe (IEV): 0.14%
- Emerging Markets (EEM): -0.97%
- Commodities (DBC): 0.57%
- Long term Bonds (TLT): -0.71%
- US Dollar Index, 8 DMA: 77.08
- Gold, (GLD) change: 1.82%
- Put/Call Ratio, total of equity/Index = 0.93
- Bull/Bear Ratio, Investors Intelligence survey =
- NYSE (New Highs - New lows), 8 DMA = 52.92
Next Week's economic calendar:
- Retail Sales - 11/15
- Core CPI, Industrial Production - 11/16
