Confirming Evidence of a continued rally:
-
The ECRI Weekly Leading Index (WLI) picked up again last week and continues to rebound. It is now positive year over year.
-
Stocks rallied to new short-term highs against bonds.
-
US stocks are in a positive trend relative to Gold (intermediate).
-
The Yen and the Dollar weakened last week.
-
The VIX made a short-term low.
-
Transports broke above resistance.
Non-Confirming evidence of a continued rally:
-
The ECRI four week average is still negative year over year.
-
The Total World Stock Market remains in a negative trend relative to bonds(intermediate).
-
Lumber has been weak and is continuing to drop significantly.
-
Small Caps are below their December low relative to Large Caps.
-
Copper failed to break to new short-term highs.
-
Treasury yields remain in a strong negative trend.
-
The Dollar remains in a positive trend.
-
Quality remains a strong factor.
WealthShield is a division of Emerald Investment Partners, an SEC Registered Investment Advisor. Advisory services are only offered to clients or prospective clients where WealthShield and it’s representatives are properly licensed or exempt from licensure. Past performance is no guarantee of future returns. Investing involves risk and possible loss of principal capital. No advice may be rendered by WealthShield unless a client service agreement is in place. Before investing, consider your investment objectives and WealthShield’s charges and expenses.
Recommended Content
Editors’ Picks
AUD/USD failed just ahead of the 200-day SMA
Finally, AUD/USD managed to break above the 0.6500 barrier on Wednesday, extending the weekly recovery, although its advance faltered just ahead of the 0.6530 region, where the key 200-day SMA sits.
EUR/USD met some decent resistance above 1.0700
EUR/USD remained unable to gather extra upside traction and surpass the 1.0700 hurdle in a convincing fashion on Wednesday, instead giving away part of the weekly gains against the backdrop of a decent bounce in the Dollar.
Gold stays firm amid higher US yields as traders await US GDP data
Gold recovers from recent losses, buoyed by market interest despite a stronger US Dollar and higher US Treasury yields. De-escalation of Middle East tensions contributed to increased market stability, denting the appetite for Gold buying.
Ethereum suffers slight pullback, Hong Kong spot ETH ETFs to begin trading on April 30
Ethereum suffered a brief decline on Wednesday afternoon despite increased accumulation from whales. This follows Ethereum restaking protocol Renzo restaked ETH crashing from its 1:1 peg with ETH and increased activities surrounding spot Ethereum ETFs.
Dow Jones Industrial Average hesitates on Wednesday as markets wait for key US data
The DJIA stumbled on Wednesday, falling from recent highs near 38,550.00 as investors ease off of Tuesday’s risk appetite. The index recovered as US data continues to vex financial markets that remain overwhelmingly focused on rate cuts from the US Fed.