CosmicDust

Major markets monthly - 5/9/2015

INDEX:SPX   S&P 500 Index
I originally published this chart back in last November. This is a revisit.

SP500             - goes nowhere so far, no direction (flat, dull)
TNX             - ticking up, no question.
DXY             - first up, now down.
HGX             - broke out and now on support.
XAUUSD: dance around resistance line on the downward slope.
USOIL: bottomed and work on its way up, pullback a little bit recently.

Implications for portfolio?
. keep holding US equities.
. reduce bond holdings.
. keep alert on housing sector.
. gold: bearish but watching for opportunities.
. oil: use pullback and support to add position.
Broke down
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