[Market Outlook] Soft Commodities Firming

Soft Commodities Firming

Hi Trader,

Three key US equity stock indexes (SPY, QQQ, DIA) modestly sold off, -1.0% on average while longer term laggards Small and Mid-Caps (IWM and MDY) improved. Major sector rotation is occurring as we await the outcome of the US elections. Considering the venomous politics taking place it's not a big surprise that the dollar is getting hit while our democracy is being questioned.

Meanwhile, at least for the moment, domestically markets don't seem to care and they are acting mostly bullish. The highlights of this week's market action are the following: Risk gauges stayed positive Volume patterns show institutional distribution in the key equity benchmarks (DIA, SPY, QQQ) with the exception being Small Caps (IWM) which is under accumulation US bonds (TLT) sold off hard breaking down under 200 DMA Small and Mid-Caps are trading above short-term MA's and showing life verses the S&P 500 Value trying hard to make a comeback Rotation into Regional Banks, up over 8% for the week Transportation and the Retail Sector also performed well Market Internals improved with the McClellan Oscillator stabilizing and avoiding a sell signal Emerging Markets continued its recent leadership on our daily charts (over both US equities and established foreign markets) with commodity sensitive countries leading Dollar weakness continues, especially against China's Yuan Click here for the Free Video Click here for the Premium Video Best wishes for your trading, Keith Schneider CEO MarketGauge

Get more - follow us here... Twitter @marketgauge and @marketminute and Facebook To stop receiving this go here. Got Questions? Office hours 9-5 ET (New York time) Email: info@marketgauge.com Live Chat: Go to bottom right corner of our home page. Call: 888-241-3060 or 973-729-0485

There is substantial risk of loss associated with trading any securities including and not limited to stocks, ETFs, futures, and options. Only risk capital should be used to trade. Trading securities is not suitable for everyone. No representation is being made that the use of this strategy or any system or trading methodology will generate profits. Past performance is not necessarily indicative of future results.

"Market Intelligence at a Glance + Tools For Serious Traders" Unsubscribe MarketGauge.com 70 Sparta Ave, Suite 203 Sparta, New Jersey 07871 United States (888) 241-3060