Tuesday, August 6, 2013

Market Observations: Gold, Silver, Oil, S&P500, Nasdaq

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ITZ takes a look at equities & commodities, increasing risk to the downside near term.

Once again, the indexes are stretched, trading at extended levels above their respective 200ma's as noted back in May LINK

Technician Louise Yamada says the 32-year bull market in bonds is over, but a new structural bull market is appearing in the S&P.

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