The metals and gold stock sector have reversed upward and unfortunately I don’t have time to check to see what – if anything, news-wise – might be behind it. I have a commitment shortly.
Last week we reviewed some degrading indicators giving warnings on the US stock market in an update. The market went on to be okay. This weekend NFTRH 320 had caution signals aplenty, especially in the sentiment segment. And all along we have had the fading junk-quality bond spreads as a negative divergence.
Today the 10, 5 & 2 is dropping again as yields on the long end decline and the short end rises. Below is the state of the 10 vs. 2…