Market Rates - Tuesday, June 27
I don't have much time today. The SPX pulled back right to the uptrend line.
The US Dollar looks like it is getting close to another leg down.
The Semiconductors are showing a lot of red volume bars along with a break of the 50-day.
The Leader List
Mexico was added to the leader list today.
This chart of the Mexico ETF looks decent, but I might be more inclined to buy on a pullback considering the difficult market conditions at the moment.
Here is the weekly view of Mexico. Maybe I would wait to buy when the Stochastic bottoms out.
Outlook
The long-term outlook is positive.
The medium-term trend is up. Overdue for a correction.
The short-term trend is ... not sure.
Disclaimer: I am not a registered investment advisor. My comments above reflect my view of the market, and what I am doing with my accounts. The analysis is not a recommendation to buy, ...
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