Trading Desk Notes: Indices, Gold And Silver Slide, Bonds Rally; Shorting Dow – Investing.com

SourceInvesting.com
SectorFinancial Markets
CountryMiddle east

Stock indices closed on their lows last week. The closed higher for 8 consecutive weeks but closed on its lows last week after making new All-Time Highs. The index has rallied ~15% since the May 10-12 Key Turn Date.

NASDAQ 100 Weekly Chart

The small-cap Index and the Index have been the weakest of the major indices in the past two months. The Russell had its lowest weekly close since January.

Russell 2000 Weekly Chart

Dow Jones Transport Average Weekly Chart

The had its best weekly close since late March.

Dollar Index Daily Chart

The has closed lower six of the last seven weeks, falling from the 6-year high it touched in May.

The CAD had a very brief bounce on the Bank of Canada last week, but closed the week right on its lows—down 4 cents from its June highs.

CAD Daily Chart

Gold: a strong negative correlation with the USD

tumbled ~$175 from the beginning of June to its month-end lows as...read more...