Indicators We're Watching: Dollar, Gold and Commodities

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Includes: DIA, GLD, JNK, NYX, QQQ, SPY, TLT, UDN, UUP
by: Andrew Horowitz

Last week, we looked at the U.S. dollar and found that there were divergences in indicators along with a consolidation forming pointed to a potential strengthening, Also, gold looked to be topping while there were cautionary signals for equities.

Some of the same trends persist while others were broken. The S&P 500 still appears to be having great difficuty closing above key resistance. Long-term treasuries turned lower and commodities are still vulnerable.

Click on each of the charts below to see additional data and commentary. Comments encouraged…








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Disclosure: Horowitz & Company clients may hold positions of securities mentioned as of the date published.