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Continued resilience as Global Equities hit new 4 month highs

Following this am's dismal Housing starts, Permit data..not too much weakness in S&P, Global equities now at 4 month highs, S&P has completely retraced entire decline from last Nov/Dec, US Dollar starting to weaken again, and precious metals showing good strength with both Silver, Gold making above-average gains, while Crude higher again by another 1%.  Treasuries selling off, while Japan getting bid up as Yen sells off as chatter abounds regarding possibilities of addtl stimulus-  Key to note-  Healthcare showing signs of breaking out on absolute basis above trend from last year, along with Energy, and Materials, all of which have improved on relative basis, and these 3 should be overweighted for the month ahead,, while Industrials, Discretionary facing strong resistance near prior highs.  stocks to consider long highlighted in today's Weekly Technical perspective highlighting sector technicals-  at this point, with S&P challenging last Nov/dec, some minor resistance at 2105-2110, and above allows for push back to new all-time highs, testing last May 2134-  Trend remains positive and right  to stick with Equities while favoring Healthcare as one of the better risk/rewards and energy instead of Industrials, discretionary which have already made their run and just below prior highs, which could allow for slowdown-  

Silver spiking this am, higher by over 3%, following though on recent strength, and continues to lead Gold relatively speaking on this rally over the last few weeks

Gold up against very important levels and any ability of Gold to exceed 1261 should lead to an acceleration in Gold, up to near 1310 initially