Gold mining stocks Barrick Gold and Newmont Mining show bearish divergence by not following gold's recent gains. These stocks were leading indicators of gold price in 2016.
There remain genuine concerns that such resilience can be sustained, further exacerbated by the surprisingly disappointing UK Construction and Services PMI data from February
S&P500 must have enjoyed quite a bit of uplift from the best performing healthcare sector. A 2-year market top for the sector faced with prospect of Obamacare repeal could frighten investors and trigger a broad market correction.
These charts of DXY, EURUSD, AUDJPY, SiMSCI and the IWM, SPY and DJT all say this message to me: that the USD will continue higher and a stock correction is just round the corner.
Article 50 for Brexit is coming 29 March 2017. Quick look at 3 GBP pairs, GBPJPY, GBPAUD and GBPSGD based on relative strength offers contrast for traders who plan to trade GBP outcome.
Expect to see HSI test 25000 shortly. This is a 7-year high, prominent tried and tested resistance. This was a level forecast in 2015 and there is evidence that at least one other level forecast then was followed by the market.