Technical Speculator ...your financial market review

the July 2024 Newsletter has now been posted.

Here are the first three pages of the 26-page July Newsletter.

In this month's research report are: Commodities: Weaker patch in mid-year.  International Equities: upward trend continues into Q3.  U.S. & Canadian Equities: Mid-year weakness Q3/Q4 strength.  Breakout! Four new stocks that breaking to new highs.

The main points in this month's report are the dance between the GTX Commodity Index and the US 10yy T-bonds, metals continue to be best performing, the global equity index (DJW) breaking out to a new all-time high cementing the bull trend, Japan's Nikkei takes the top 90-day performing spot, and the emerging markets ETF (EEM) finally breaks out after 17 months on US dollar weakness.

In the US market, the rise of the unemployment rate has a solid record for the bears. Every increase has produced a lower level for the SPX.  Nasdaq jumps to the front, again, in 90-day performance. The NYSE, Dow hit a weaker patch, the SPX is now overbought, and consolidation continues for the TSX.

To read the full report, go to www.technicalspeculator.com, login and follow the links to the latest newsletter.

 

Enjoy.