Market Summary

Market sentiment remains bullish in all time frames. There is green on the screen. Click on image to enlarge.

For the YTD period the small cap index is doing the best up 9.82%. For the week gold via the GLD did the best followed closely by the China fund FXI while the US Dollar via the UUP was off the most down -0.75%. It is interesting to note that the weekly chart of the UUP shows a 5th wave top pattern. Should the issue with the sovereign debt of Greece be resolve in Europe the flight to the US Dollar and US Treasuries may end with a change in trend as the Euro Dollar strengthens. Click on table to enlarge.