The US Dollar Index continues to move sideways
in the downtrend while US Treasuries climb higher.
As July ends and we move into the dog days of August look for Gold to continue the bounce
in the downtrend while Crude Oil consolidates or pulls back in the uptrend.
The Shanghai Composite and Emerging Markets are biased to the upside with the Chinese market doing so
in a downtrend while Emerging Markets are gaining strength.
Not exact matches
While this week's price action was certainly a step
in the right direction (so far), both the NASDAQ and Russell 2000 are now
in «no man's land» because the indexes are back above resistance of their 20 and 50 - day averages, yet still must contend with resistance of their prior highs and short - term
downtrend lines that have formed.
The weekly chart below shows the long - term uptrend
in TMF,
while the daily chart that follows shows the potential breakout above the intermediate - term
downtrend line.
As you can see, since 1994 the growth
in nominal retail sales on a year over year basis has been
in a
downtrend,
while the level of consumer credit outstanding as been
in a steady uptrend.
While the short - term
downtrend remains intact
in the currency, a move above $ 2500 would trigger a new long - term buy signal.
While the recent growth is indeed a positive indicator - but the currency is still at a risk because even a slight
downtrend can set things into a reverse motion and the price can fall back to where it was before the uptrend began - resulting
in a $ 102 - $ 98 target on the lower end.
You see that the Dow began outperform the SPX / Naz starting Tuesday, July 25th, after AMZN reported an unexpectedly huge earnings miss (the plunge
in the green line), the SPX and Naz entered a
downtrend while the Dow continued higher.
While the technical indicators will show you exit signs on short term
downtrends, however you can remain invested
in that stock if the company is fundamentally strong.
If a financial news show reports that most analysts
in a survey think we are headed for a «bear market»
in stocks, it means that those analysts think that stocks will begin an extended
downtrend, with prices falling consistently for a
while.
A rising moving average indicates that the security is
in an uptrend,
while a declining moving average indicates that it is
in a
downtrend.
The US Dollar Index is also consolidating
in a
downtrend, trying hard to reverse it,
while US Treasuries are showing signs of a potential reversal to the upside.
While wind's recent cost decline has not been as universally stellar as solar's, mostly because wind is a more mature sector, its price
downtrend in 2016 and 2017 has been precipitous, particularly
in countries with the most favorable conditions and / / or policies.
While resales
in August remained on the
downtrend relative to a year ago (falling 34.8 per cent), the annual decline was the smallest
in three months.