In the financial markets, it's either feast or famine. Both U.S. and international equities are flashing buy signals almost across the board, while fixed income and precious metals are starting to look uglier technically.
Signals are still pointing to equities above all other asset classes. Despite last week's bounce, Treasuries and other fixed income products are still flashing red.
Equities in the U.S. and around the world are flashing buy signals but fixed income and precious metals are looking very weak.
International equities are flashing buy signals almost across the board. U.S. equities are still looking good but fixed income is mostly red.
Most equity sectors, save for energy, are flashing buy signals thanks to last week's lineup of strong economic data. Indicators are looking particularly good in the foreign equity markets.
Market momentum is beginning to shift away from U.S. equities and towards international equities. Emerging markets, in particular, are looking attractive but fixed income is heading in the other direction.
Most equity and fixed income sectors are above their 200-day moving averages but most other indicators are flashing sell signals.
Coming off the heels of a "mini" trade deal with China, stocks rallied at the tail end of last week but sentiment in several segments of the market is starting to deteriorate.
The market still belongs to large-caps as most sectors maintain buy status. Small-caps are also looking relatively good but take caution with Treasuries.