Leading indicators indicate Risk ON, but...
My personal list of forward indicators on the weekly charts show that there has been a breakout on ALL four, namely JNK, IWM, DJT and VALUG.
The high yield bonds, small and mid caps, DJ Transport and Value Line all had a breakout this last week, suggesting a bullish breakout scenario.
However, the breakouts appear a little odd to me as candlestick patterns on two of the four are not particularly bullish. And one of the remaining (DJT) appears hesitant.
I would be wary of such a breakout really, but that is just me...
The high yield bonds, small and mid caps, DJ Transport and Value Line all had a breakout this last week, suggesting a bullish breakout scenario.
However, the breakouts appear a little odd to me as candlestick patterns on two of the four are not particularly bullish. And one of the remaining (DJT) appears hesitant.
I would be wary of such a breakout really, but that is just me...
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