Equity Markets have turned Bearish, with new Sell signals since 7/15 in the SPY, IWM and the Transports. I addition, the DIA and the Q's are very close to flipping back to the Sell side.
The XLF and the FXE remain on the Sell signal, as is the SSEC.
The TLT, the UUP and the SLV remain on Buy Signals.
Gold is still on a Sell Signal, however Stop Loss orders would have taken most out of the position and if is making new highs. I still expect to see a pull back in GLD this Summer. Perhaps the better ETF in the precious metals may be the SLV.
If the markets remain as soft as they are this morning, then the Q's and the DIA will flip also to a Sell signal.
Best To Your Trading!
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