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.