The SPX saw a second consecutive net weekly gain. A second consecutive weekly settlement above the weekly 10MA, as the bears saw a failed breakdown. Weekly momentum ticked upward, and is prone to turning positive next week. Upper weekly bollinger is offering 6947, as 7K looks realistic next week.
With just 16.5 trading days left of the year… ytd perform’
Silver +101.8%
Gold +59.9%
Copper +35.0%
SPX +16.8%
TLT +5.0%
WTIC -16.1%
… its been one hell of a year for the precious metals, if partly helped by the weaker dollar, the DXY net lower by -8.8%
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