In case you missed it – this week marked the start to the new week, month, and quarter and the SPY, QQQ, and DIA all hit all-time highs.
For the 4th straight week momentum for the SPY, QQQ, and DIA continues to be to the upside so sellers have the large task of trying to take out the prior week’s lows before we see momentum waning.
The long bond gave a false sell signal earlier in the week just to end the week with a large outside bar.
GLD took a breather for the week and we’ll want to see how it trades relative to the month and quarterly open for the coming week.
In this week’s video, we look at the technical outlook for the VXXB SPY QQQ IWM DIA TLT GLD XAUUSD GDX GDXJ BTCUSD TOTAL UKOIL EEM FB AAPL AAPL NFLX GOOG KRE MOBL UAL ALK for the week of July 8 – 12, 2019.