The markets hit the turbo boost button last week. The stock market reversed course Tuesday and didn’t look back, rallying back above 2100 by week’s end. Â But +/- 2100 also 18 month resistance on the S&P 500 Index (INDEXSP:.INX). As well, futures headed lower over the U.S. Holiday weekend into Tuesday.
So stocks are giving back some of those gains early this week.
But there’s a lot going on intermarket: Â Gold (NYSEARCA:GLD) has raced above $1370 and treasury bonds are still strong (yields are near lows). It’s definitely an interesting time to be trading in the markets.
Happy belated 4th of July. Â Enjoy this week’s curation of great market reads in “Top Trading Links”.
MARKET INSIGHTS
Valuation, Timing And A Range Of Outcomes – Charlie Bilello
A key level to watch in the Banking Index BKX – James Bartelloni
Two 1st half stats via Dealogic:
The IPO market saw the weakest first half since 2009
M&A is down 18% year over year
FitBit is Morgan Stanley’s top Consumer Electronics stock pic – IBD
Is a Black Swan event coming – Ryan Detrick
History suggests Stocks recover quickly from market events – Willie Delwiche
Also from Willie Delwiche – RW Baird’s 2016 mid year market outlook
NEWS & RESEARCH
The history of the United States energy consumption – EIA
Microsoft’s plan to build the ultimate gestural UI – Fast Co Design
Video: How computers are learning to be creative – TED
How to read people – Barking Up The Wrong Tree
A new helium deposit has been found in Africa – Scientific American
Tune in this weekend for another edition of “Top Trading Links”. Â Thanks for reading!
Twitter:Â @ATMcharts
Any opinions expressed herein are solely those of the author, and do not in any way represent the views or opinions of any other person or entity.
