Last week’s review of the macro market indicators noted with the books closed on summer vacations and the short week, the equity markets saw some profit taking, but remained with strong long term charts. Elsewhere looked for Gold (GLD (NYSE:GLD)) to possibly pause in its downtrend while Crude Oil (USO (NYSE:USO)) slowly drifted higher long term. The US Dollar Index (DXY) was marking time sideways while US Treasuries (TLT) were biased to continue lower.
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