The August 2024 Newsletter has now been posted.

Topics in this month's research report are: Commodities: Short-term weakness continues.  International Equities: Most indexes push higher in Q3.  U.S. & Canadian Equities: Unified breakout!  Breakouts!: Two securities advancing through key resistance levels on their way to higher levels.

The key points in this month's report are the slow decline in most commodity prices and the connection to US T-bond yields.  Precious metals are still the start performer in natural resources.  

Global equity markets are poised to rise into year-end. Which world markets are the strongest and which are the weakest.  A quick review of performance over the last 90 days.

US equity markets burst out with a collective run to new highs.  Our biggest concern lies in the connection that rising US unemployment has to the S&P 500.  Over 40 years of data paint a troubling picture.

In the meantime, investors are still moving to growth and out of value.  A good sign for the bull market in Q3.  Models are looking for a slight pullback in the SPX by late Q3.  Watch this support level.  

The recent sector shift on the S&P 500 adds more evidence to the outlook of a mature bull market.

To view the complete 26 page report, go to www.technicalspeculator.com, login and follow the links.

Enjoy.