The May 2023 The Technical Speculator Newsletter has now been postedThis report is the first three pages of the 24-page newsletter. Topics in this month's research report are: Commodities: Easing inflation, bond prices send signal. International Equities: Green light! Breakouts continue. U.S. & Canadian Equities: Resistance levels remain firm. Breakouts! Six new stocks are breaking out of long-term consolidations. This month's analysis points out the connection that commodities have to US bond prices, and why effect the expected advance in bonds has on natural resources. The outlook for WTI after OPEC+'s announcement, gold's third test at $2,000, copper's weak point, and the US dollar's next upside target. Global equity indexes show bull strength when the SPX is removed, the top-performing world index, abundant Head & Shoulders breakouts show the bull market is not dead, and emerging markets still feel headwinds from the Big dollar. US markets still languish under solid resistance levels, concerns for the inverted yield curve (now 38 weeks old) are still present, and what the current sector strength is telling investors about market conditions. To read the complete 24-page May newsletter, login to www.technicalspeculator.com and follow the links to the latest report. Enjoy.
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