MarketGauge.com

This week’s Market Outlook is abbreviated due to our travel schedule. We taught a master class at TradersExpo in Las Vegas.

This week’s highlights are:

Risk Gauges are 100% bullish
Volume patterns remain decent overall
Market Internals are slipping despite the continued run-up
Market Sentiment has reached short term frothy levels
Semi’s continuing to lead by a wide margin
Value stocks are now leading the recent move up and broke out on a longer-term basis compared to growth stocks
Gold, Gold Miners, and Bonds all traded down and must hold current levels on weekly charts for longer-term trends to remain intact
The Yield Curve is no longer inverted