Library Archive
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- The iShares Barclays 20+ Year Treasury Bond ETF ([TLT]) was up 1.37% over the previous day and completed a spread triple top break on its default chart. The move signals strengthening performance in long-duration fixed income and suggests improving investor sentiment.
- The S&P 500 Equal Weight ([SPXEWI]) completed a bullish catapult earlier this month at 8550 and sits on three consecutive buy signals. Year-to-date, the equal-weighted benchmark is outperforming the cap-weighted S&P 500 ([SPX]) by more than 2%, underscoring the relative underperformance of mega-cap stocks and highlighting broader participation across the market.
- The Dow Jones Industrial Average ([.DJIA]) completed a bullish catapult at 52000, marking its sixth consecutive buy signal. The index has steadily strengthened from its March lows, building an increasingly convincing technical case for continued improvement.
- The SPDR Gold Trust ([GLD]) continues to deteriorate technically. GLD completed a double bottom break at $370, marking its fourth consecutive sell signal. This deterioration is further reflected in its weak fund score of 2.38 and a negative score direction of 3.28.
- The healthcare sector has shown recent improvement, advancing above basic materials in our DALI sector rankings over the past week and moving into “equal-weight” territory. It now trails utilities and financials by just 2 and 7 signals, respectively, indicating a narrowing RS performance gap.
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