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MARKET CONTINUES TO ADVANCE -- CITIGROUP BREAK OUT LEADS FINANCIAL SECTOR -- CELGENE, GILEAD, AND AMGEN LEAD BIOTECHS HIGHER -- GOOGLE BREAKOUT PACES INTERNET UPTURN -- TOBACCO STOCKS PUSH CONSUMER STAPLE SPDR TO NEW HIGH

by John Murphy,

Chief Technical Analyst, StockCharts.com

CITIGROUP PACES STRONG FINANCIAL GROUP... Financial stocks are having another good chart day. Chart 1 shows the Financials Sector SPDR (XLF) jumping to a new seven-year high today. Once again, banks are helping lead the way. Chart 2 shows the KBW Bank SPDR (KBE) nearing a new seven year high...   READ MORE 

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DOLLAR STRENGTHENS AS EURO FALLS -- CANADIAN DOLLAR DROPS TO SIX-YEAR LOW -- COMMODITY PRICES WEAKEN ON RISING DOLLAR -- ENERGY AND METAL STOCKS WEAKEN -- GOLD AND SILVER STOCKS THREATEN MAJOR SUPPORT LEVELS -- BANK OF AMERICA AND USB PACE BANK RALLY

by John Murphy,

Chief Technical Analyst, StockCharts.com

DOLLAR RISES AGAINST THE EURO -- CANADIAN DOLLAR HITS SIX-YEAR LOW... Chart 1 shows the Power Shares Dollar Bullish Fund (UUP) nearing the highest close in a month, after having broken a three-month falling ressistance line. The longer-range trend of the greenback remains up as shown by the rising 200-day...   READ MORE 

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Is The Chinese Equity Bull Market Over?

by Martin Pring,

President, Pring Research

* 25-day ROC experiences a mega oversold. * Shanghai Composite rallies from 200-day MA. * In 1929 in the US and 2007 in China, stocks retraced 50% of their first bear market decline. What does that say about today? This week I am focusing on the Chinese equity market since events in China...   READ MORE 

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FRIDAY'S BOUNCE KEEPS STOCK INDEXES ABOVE 200-DAY LINES, BUT ON LIGHT VOLUME -- GREEK STOCK ETF RALLIES ON HOPES FOR A COMPROMISE -- GERMAN AND FRENCH STOCKS ALSO BOUNCE OFF 200-DAY LINES -- AS DOES A VERY OVERSOLD SHANGHAI MARKET

by John Murphy,

Chief Technical Analyst, StockCharts.com

DOW AND S&P 500 HOLD 200-DAY LINES... After a wild week, stocks closed high enough on Friday to hold their 200-day averages. Chart 1 shows the Dow Industrials climbing 211 points on Friday to end above its 200-day line. Chart 2 shows the S&P 500 doing...   READ MORE 

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THE FIVE WAVE ADVANCE IN THE NYSE COMPOSITE INDEX SINCE 2011 SUGGESTS THE COMPLETION OF THE THIRD WAVE IN A BULL MARKET -- THE MARKET APPEARS TO HAVE ENTERED A PERIOD OF CONSOLIDATION OR CORRECTION WITHIN ITS MAJOR UPTREND

by John Murphy,

Chief Technical Analyst, StockCharts.com

NYSE INDEX APPEARS TO HAVE COMPLETED A WAVE THREE... They say when you start to feel seasick you should focus on the horizon. Daily market swings are starting to make me feel seasick. So in line with that nautical theme, I'm going to focus on the market'...   READ MORE 

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Longer-term Equity Charts Offering An Ominous Warning

by Martin Pring,

President, Pring Research

* Emerging markets are on the brink. * The European IEV tentatively breaks its bull market trend line. * Copper being driven down by weakness in China. Equities “Price action on Tuesday was quite remarkable since it seemed at the opening that the equity market was about to fall off a cliff but...   READ MORE 

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PLUNGE IN CHINESE SHARES CONTINUES -- EMERGING MARKETS NEAR TEST OF 2015 LOW -- CANADA STOCKS ARE FALLING ON WEAKER COMMODITIES -- ENERGY SHARES ARE THREATENING SPRING LOW -- RISING VIX RAISES RISK LEVEL FOR STOCKS

by John Murphy,

Chief Technical Analyst, StockCharts.com

CHINESE FREE FALL CONTINUES ... The free fall in Chinese stocks continued again today. Chinese stocks trading on the mainland and Hong Kong lost -6%. Chart 1 shows the phenomenal drop in China iShares (FXI). The FXI has fallen well below is 200-day moving average, and trendline support drawn under its...   READ MORE 

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ADDENDUM TO TODAY'S MESSAGE: UPSIDE TURNAROUND KEEPS STOCK INDEXES ABOVE 200-DAY LINES

by John Murphy,

Chief Technical Analyst, StockCharts.com

DOW AND SPX REGAIN 200-DAY LINE... An afternoon rally has the look of a potential upside reversal day that has allowed the Dow and the S&P 500 to regain their 200-day lines. Chart 1 shows the Dow Industrials trading higher after hitting a five-month low earlier today. That...   READ MORE 

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STEEP FOREIGN LOSSES PULL U.S. STOCKS LOWER -- COPPER STOCKS LEAD MATERIALS LOWER -- SEMIS PLUNGE BELOW 200-DAY AVERAGE AND THREATEN TO DO SAME FOR TECHNOLOGY SPDR -- DOW FALLS TO FIVE-MONTH LOW AS SPX FALLS BELOW 200-DAY LINE

by John Murphy,

Chief Technical Analyst, StockCharts.com

DOW JONES GLOBAL INDEX CONTINUES TO PLUNGE ... Foreign losses continue to deepen. European stocks are down another -1%, while Chinese stocks are losing more ground. EAFE ishares are down -2%, while Emerging Markets iShares (EEM) are falling -3%. [A stronger dollar is hurting foreign stocks ETFs even more because they&...   READ MORE 

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GREEK NO VOTE PULLS GLOBAL MARKETS LOWER AGAIN -- FOREIGN SHARES LEAD US LOWER -- FALLING ENERGY SHARES LEAD TO PLUNGE IN CRUDE -- FALLING CHINESE STOCKS HURT COPPER AND AUSSIE DOLLAR --

by John Murphy,

Chief Technical Analyst, StockCharts.com

FOREIGN STOCK ETFS TUMBLE ... Today's plunge in global stocks is reminiscent of what happened last Monday. Except the global downturn in getting more serious. Although U.S. stocks are falling, foreign markets are falling a lot more. Chart 1 shows EAFE iShares (EFA) falling more than 2% to...   READ MORE 

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IS LOW VOLATILITY GOOD?, A LOOK AT THE 2008 BREAK DOWN, 2008 MARKET MESSAGE, $SPX AND THE CURRENT BBAND STATUS, CURRENT SMALL-CAP SIGNAL IS BULLISH, KEY SUPPORT FOR QQQ, CONTRACTIONS FOR HOUSING, SEMICONDUCTOR AND RETAIL SPDRS

by John Murphy,

Chief Technical Analyst, StockCharts.com

IS LOW VOLATILITY A GOOD THING?... Link for today's video. I am going to step back and look at some weekly charts using Bollinger Bands and the BandWidth indicator. As many of us are aware, volatility has declined over the last six months and trading ranges are quite...   READ MORE 

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STOCKS BOUNCE ON HOPE FOR GREEK COMPROMISE -- LONGER RANGE INDICATORS, HOWEVER, SHOW NEGATIVE DIVERGENCES AND SUGGEST DETERIORATION BENEATH THE SURFACE -- DOW WEEKLY AND MONTHLY MACD LINES ARE NEGATIVE -- LESS THAN HALF OF NYSE STOCKS ARE IN UPTRENDS

by John Murphy,

Chief Technical Analyst, StockCharts.com

DOW JONES COMPOSITE AVERAGE HITS NEW LOW... I don't know about you, but I'm tired of hearing about Greece. It makes day-to-day market analysis a lot more difficult. Monday's global stock plunge followed reports of a Greek default. Stocks are now bouncing on reports...   READ MORE 

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Investors no Longer Hunting for Yield as Junk Bonds Break Down

by Martin Pring,

President, Pring Research

* Leading sectors experience false breaks to the upside. * NYSE A/D Line completes a head and shoulders top. * Dollar Index may be about to resume its bull market. US Equities Last week there appeared to be a sporting chance that the market was headed higher as several short-term indicators were...   READ MORE 

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WEBINAR DETAILS, AUTO ETF CORRECTS, ITB MAINTAINS UPTREND, LEISURE AND ENTERTAINMENT ETF TRENDS LOWER, RETAIL ETFS TAKE HITS, SMALL-CAPS REMAIN BULLISH OVERALL, TECH AND INDUSTRIALS REDDEN, INDICATOR AND SIGNAL OVERVIEW, BREADTH CHART LINKS

by John Murphy,

Chief Technical Analyst, StockCharts.com

WEBINAR DETAILS... The charts and commentary below are from the Webinar on Tuesday, June 30th, at 1PM ET. In this Webinar, I looked at the key industry groups within the consumer discretionary sector because these hold the key to the most economically sensitive sector. I analyzed some key breadth indicators...   READ MORE 

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GLOBAL STOCKS TUMBLE ON GREEK CRISIS -- EUROPE AND ASIA LEAD FOREIGN MARKETS LOWER -- TECHNICAL DAMAGE IS DONE TO U.S. MARKET -- DOW INDUSTRIALS FALL BELOW 200-DAY AVERAGE -- S&P 500 FALLS TO THREE-MONTH LOW

by John Murphy,

Chief Technical Analyst, StockCharts.com

FOREIGN SHARES TUMBLE... Global stocks tumbled today. Chart 1 shows EAFE iShares (EFA) falling 3% to the lowest level in nearly three months, and in very heavy trading. European stocks lost 4% on average, with Germany falling 3.5%. Asian stocks tumbled as well, including Japan (-2.8%) and China...   READ MORE 

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SPY FALLS TO FIRST TEST, SEASONALITY CHARTS AND SUMMER, BONDS COULD BENEFIT FROM DOLDRUMS, JULY TOUGH FOR SMALL-CAPS, LT TREND SYSTEM REMAINS BULLISH, REFINERS CONSOLIDATE WITHIN UPTRENDS

by John Murphy,

Chief Technical Analyst, StockCharts.com

SPY FALLS TOWARDS FIRST TEST... Link for today's video. The major index ETFs are down across the board with the Nasdaq 100 Equal-Weight ETF (QQEW) getting hit the most. Small-caps and large-caps are also down with the Russell 2000 iShares (IWM) and S&P 500 SPDR (SPY)...   READ MORE 

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HOMEBUILDERS HAVE A STRONG WEEK -- LENNAR GAPS HIGHER -- BEAZER HOMES AND KB HOME ALSO HAVE A STRONG WEEK -- RISING BOND YIELDS CONTINUE TO HELP BANKS AND INSURERS WHILE HURTING UTILITIES AND REITS

by John Murphy,

Chief Technical Analyst, StockCharts.com

HOMEBUILDERS HAVE A STRONG WEEK... The daily bars in Chart 1 show the Dow Jones U.S. Home Construction iShares (ITB) ending the week at the highest level in two months. Interestingly, that came in the face of rising bond yields. Earlier in the year, rising bond yields appeared to...   READ MORE 

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MICRO-CAPS LEAD MIXED MARKET, SMALL-CAP ETF AND QQQ HIT NEW HIGHS, EW S&P 500 CONTINUES TO LAG, TREND SORTING WITH THE PPO (DEMO), FOUR KEY SECTOR ETFS ARE STILL TRENDING UP, INDUSTRIALS BREAK DOWN, OIL WEIGHT ON ENERGY

by John Murphy,

Chief Technical Analyst, StockCharts.com

MICRO-CAPS LEAD MIXED MARKET ... Link for today's video. The stock market is not clicking on all cylinders right now, but the majority of cylinders are still in uptrends, even after some selling pressure this month. Today I will look at some key uptrends and show what it would...   READ MORE 

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Oversold Short-term Indicators Suggest Another Attempt At New Highs Is In The Cards

by Martin Pring,

President, Pring Research

* Pring Dow Diffusion indicator triggers a tentative buy signal. * Net new high bond indicator is deeply oversold. * Aussie and Canadian dollars experience bullish KST. US Stocks Action this week has been somewhat disappointing since several averages and sectors experienced reversal characteristics on Tuesday. This suggests that, over the next few...   READ MORE 

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TRANSPORTS AND UTILITIES STILL IN DOWNTRENDS AND MAY BE PREVENTING UPSIDE BREAKOUT IN THE DOW -- DOW JONES COMPOSITE AVERAGE STILL IN A DOWNTREND AS WELL -- THAT'S A CAUTION SIGN FOR THE DOW

by John Murphy,

Chief Technical Analyst, StockCharts.com

TRANSPORTS AND UTILITIES ARE 2015 LAGGARDS... Chart 1 shows the divergence by the Dow Industrials (which are close to a new record) and the Dow Transports and Utilities which are both in downtrends. Since the start of the year, the industrials have gained 1.6%, while the transports and utilities...   READ MORE 

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SMALL-CAP, MID-CAP AND NASDAQ ETFS LEAD, GROWTH CONTINUES TO LEAD VALUE, CONSUMER DISCRETIONARY ETFS BREAK OUT, HOUSING AND RETAIL LEAD CONSUMER DISCRETIONARY, WEBINAR EXCLUSIVES

by John Murphy,

Chief Technical Analyst, StockCharts.com

SMALL-CAPS, MID-CAPS AND NASDAQ SHOW LEADERSHIP... Note that the charts below are part of the webinar, which was at 1PM on Tuesday, June 23rd (Click here for recording). It is hard to argue against the bulls with the Russell 2000 iShares (IWM), S&P MidCap SPDR (MDY) and Nasdaq...   READ MORE 

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UNIQUE SECTOR BREADTH INDICATORS, LONG-TERM VERSUS MEDIUM-TERM, SECTOR TRENDS, FINANCE AND HEALTHCARE TOP RANKS, ENERGY AND UTILITIES SEE RED, INDUSTRIALS SECTOR RANKS THIRD

by John Murphy,

Chief Technical Analyst, StockCharts.com

SLICING AND DICING THE SECTORS WITH UNIQUE INDICATORS... Link for today's video.. As promised, I am showing a breadth and trend table for the nine sectors today. Using the unique indicators available at StockCharts, chartists can slice and dice a sector by analyzing sector-specific breadth indicators, the cap-weighted...   READ MORE 

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IWM AND XLI FOLLOW UP, BULK OF THE EVIDENCE, SMALL-CAP BULLISHNESS, FINDING SHORT-TERM PULLBACKS, CRUDE FLAGS, XES RELATIVE WEAKNESS, AEROSPACE & DEFENSE ETF BREAKS AND MORE

by John Murphy,

Chief Technical Analyst, StockCharts.com

IWM AND XLI STRATEGY FOLLOW UP... Link for today's video.. Today I am going to step back and focus a little on strategy. The first part will show a basic chart strategy to identify the bigger trend and find pullbacks within this chart. The second part will show...   READ MORE 

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US STOCKS LEAD GLOBAL RALLY -- SMALL CAP INDEXES HIT NEW RECORDS -- MIDCAPS BREAK THROUGH RESISTANCE -- NASDAQ ALSO HITS NEW RECORD -- DOW AND S&P BREAK OUT TO UPSIDE -- RETAILERS LEAD CONSUMER DISCRETIONARY STOCKS HIGHER

by John Murphy,

Chief Technical Analyst, StockCharts.com

SMALL CAPS HIT NEW RECORD HIGHS... Let's start off today where we started yesterday -- with small cap stocks which continue to lead the market higher. Charts 1 and 2 show the S&P 600 and the Russell 2000 Small Cap Indexes hitting new record highs. As...   READ MORE 

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STOCKS BOUNCE ON FED'S INTENTION TO RAISE RATES GRADUALLY -- BONDS BOUNCE ALONG WITH REITS AND UTILITIES -- CONSUMER STAPLES SPDR BOUNCES OFF 200-DAY LINE -- DOLLAR DROP BOOSTS GOLD

by John Murphy,

Chief Technical Analyst, StockCharts.com

STOCKS EXPERIENCE MODEST BOUNCE... Large cap stocks experienced a modest bounce on today's Fed statement about raising rates very gradually. Chart 1 shows the S&P 500 gaining four points (+0.20%) and ending just below its 50-day average. Small caps, which had been testing spring highs,...   READ MORE 

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SMALL CAP INDEXES TEST OLD HIGHS -- GROWTH LEADS VALUE -- MIDCAPS EXCEED 50-DAY AVERAGE -- S&P 500 BOUNCES OFF CHART SUPPORT -- DOW SURVIVES TEST OF 200-DAY LINE WHILE NASDAQ HOLDS UP MUCH BETTER -- WATCHING THE FED AND GREECE

by John Murphy,

Chief Technical Analyst, StockCharts.com

SMALL CAP INDEXES TEST OLD HIGHS... Small cap stocks remain the strongest part of the stock market, and continue to lead the rest of the market higher. Charts 1 and 2 show the S&P 600 Small Cap Index ($SML) and the Russell 2000 Small Cap Index (RUT) in...   READ MORE 

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Is The Greek Stock Market About To Collapse Or Explode?

by Martin Pring,

President, Pring Research

* HYG/IEF bond confidence indicator may be peaking. * Cyclicals and financials have the ability to break to the upside. * Spider Metal and Mining  and Materials less favored. US Equities The NYSE Composite ($NYA)  continues to trade in a narrow range frustrating bull and bear alike. The 200-day MA often acts...   READ MORE 

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RRG FAVORS SMALL-CAPS, IJR CONSOLIDATES NEAR HIGHS, HEALTHCARE SPDR STALLS AFTER BREAKOUT, MEDICAL SUPPLIES AND MEDICAL EQUIPMENT INDEXES, XLB CORRECTS WITHIN UPTREND, COMMODITY CHEMICALS AND STEEL INDEXES, WEBINAR DETAILS

by John Murphy,

Chief Technical Analyst, StockCharts.com

RRG FAVORS SMALL AND MID CAPS... Note that Julius de Kempenaer and Arthur Hill (moi) recorded a webinar on Tuesday, June 16th. The following charts and commentary come from this webinar. More charts and detailed explanations can be found on webinar recording. (from Julius de Kempenaer) Chart 1 shows a...   READ MORE 

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3 GAPS DOMINATE SPY, IWM HOLDS SUPPORT, ITB BOUNCES OFF CHANNEL, 6 HOMEBUILDER STOCKS, RETAIL SHOWS RELATIVE STRENGTH, RCD GETS A BAND SQUEEZE, SMALL AND MID CAP BREADTH STRENGTHENS, LARGE-CAP BREADTH WEAKENS

by John Murphy,

Chief Technical Analyst, StockCharts.com

THREE GAPS DOMINATE THE SHORT-TERM TREND FOR SPY... It is currently a tale of two markets. The S&P 500 SPDR (SPY) has been trending lower since late May, but the Russell 2000 iShares (IWM) has been trending higher over this same timeframe. The broader market is likely to...   READ MORE 

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If You Are Bullish On US Equities Try Looking At China For A Signal

by Martin Pring,

President, Pring Research

* - Special K for the NYSE Composite breaks support * - Emerging markets getting oversold * - Commodities are about to resolve their recent trading range A Chinese leading Indicator? It’s a well-known fact that the Chinese market has been the hottest on earth in recent months. What’s not so...   READ MORE 

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BORING UPTREND, EQUAL-WEIGHT SPX WEAKNESS, IWM FOLLOW UP, INDUSTRIALS SPDR BOUNCES OFF SUPPORT, GE, HON AND UTX STALL, FEDEX HITS NEW HIGH, WILL UPS FOLLOW?, VIDEO EXTRAS

by John Murphy,

Chief Technical Analyst, StockCharts.com

A PERSISTENT AND BORING UPTREND... Link for today's video. The stock market, as measured by the S&P 500, remains in a boring uptrend. Better a boring uptrend than a boring downtrend. As noted in Tuesday's webinar, the 5-day Rate-of-Change has been between +3.5%...   READ MORE 

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GLOBAL STOCKS BOUNCE SHARPLY ON POSSIBLE GREEK COMPROMISE -- DOW AND S&P 500 BOUNCE OFF INITIAL CHART SUPPORT -- NASDAQ HOLDS 50-DAY LINE -- SMALL CAPS LEAD ON THE UPSIDE -- RISING BOND YIELDS KEEP BANKS AND INSURANCE STOCKS RISING

by John Murphy,

Chief Technical Analyst, StockCharts.com

STOCKS BOUNCE SHARPLY OFF CHART SUPPORT... Reports of a compromise between the Germans and Greeks to prevent a default later this month appears to be contributing to a strong global stock rally. European stocks are up 2% on average. U.S. stocks are having a strong day of their own....   READ MORE 

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WEBINAR DETAILS, LARGE-CAPS WEAKEN, SMALL-CAPS HANG TOUGHER, $NDX AND $SPX BREADTH BREAKS, SECTOR BREADTH LINES TURN MIXED, KEY EQUAL-WEIGHT SECTORS HOLD SUPPORT, SCANNING FOR YEAR-TO-DATE STRENGTH

by John Murphy,

Chief Technical Analyst, StockCharts.com

WEBINAR RECORDING AND TIMELINE... The charts and commentary below come from the webinar recording. Note that not all webinar charts are included. Overall, the market remains boring on the outside and mixed up on the inside. The S&P 500 is flat for the year, but some key sectors...   READ MORE 

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What Are The Implications Of Rising World Interest Rates?

by Martin Pring,

President, Pring Research

* -World Bond Index completes a major top. * -US short-term bonds on the verge of a breakout. * -Stocks now being threatened by rising rates. World Bond Index Global bond markets have really been taking it on the chin recently without that usual push they get from rising commodity prices. Monetary policy...   READ MORE 

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USO TRACKING ERROR, LIGHT CRUDE AND BRENT FORM FLAGS, XES TESTS BREAK, FIVE HORSEMEN OF TECH, FB GETS BREAKOUT, GOOGLE HOLDS BREAKOUT AND AIRLINES WEIGH ON PEJ

by John Murphy,

Chief Technical Analyst, StockCharts.com

USO AND THE LONG-TERM TRACKING ERROR ... Oil surged at the end of May, but fell back last week and remains in a short-term downtrend. For a different perspective, I am going to analyze the August futures contracts for Light Crude and Brent Crude. The USO Oil Fund (USO) and US...   READ MORE 

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DOW AND S&P 500 LOSE GROUND WHILE NASDAQ HOLDS FIRM -- STRONG JOBS REPORT AND BOUNCING DOLLAR BOOST SMALL CAPS -- 10-YEAR TREASURY YIELD SURGES TO EIGHT-MONTH HIGH AND BREAKS DOWNTREND LINE -- 2-YEAR YIELD NEARS FOUR YEAR HIGH

by John Murphy,

Chief Technical Analyst, StockCharts.com

DOW AND S&P 500 SLIP WHILE NASDAQ HOLDS FIRM... U.S. stocks lost ground during the week, but not enough to do any serious chart damage. Chart 1 shows the Dow Industrials falling to the lowest level in a month and sliding below its 50-day moving average (in...   READ MORE 

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MACD HOLDS FOR IWM, QQQ FORMS CUP-HANDLE, FINANCE LEADS SMALL-CAPS, BROKERS LEAD FINANCE, TREASURY YIELDS SURGE, BUT DOES IT MATTER?, YIELD CURVE STEEPENS FURTHER, GOLD AND PALLADIUM BREAK DOWN, MINERS FOLLOW

by John Murphy,

Chief Technical Analyst, StockCharts.com

MACD HOLDS BULLISH FOR IWM... Link for today's video. Chart 1 shows the Russell 2000 iShares (IWM) exceeding the late May high this week and keeping the uptrend alive. Even though IWM has yet to exceed its April highs, the chart is more bullish than bearish right now....   READ MORE 

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Is Thursday's Negative Action The Start Of Something More Serious?

by Martin Pring,

President, Pring Research

* -Brokers experience a bearish two bar reversal. * -Dollar diffusion indicator ticks up for the first time in many weeks. * -Gold in dollars experiencing a short-term breakdown. * -Gold in yen and euro at crucial support levels. US Equities The market has been working its way irregularly higher over the last few...   READ MORE 

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FOREIGN STOCKS LEAD THE U.S. LOWER -- EMERGING MARKETS FALL THE HARDEST -- FALLING COMMODITY PRICES WEIGH ON CANADIAN STOCKS -- WEAK ENERGY SHARES LEAD OIL LOWER AS MOST COMMODITIES WEAKEN

by John Murphy,

Chief Technical Analyst, StockCharts.com

FOREIGN STOCKS SHOW NEW WEAKNESS... The global stock market rally is running into trouble. That can be seen more clearly in foreign markets. Chart 1 shows MSCI EAFE iShares (EFA) falling below its 50-day average after backing off from overhead resistance formed last June. Its daily MACD lines (top of...   READ MORE 

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BOND YIELDS SURGE TO NEW 2015 HIGH AS BOND PRICES PLUNGE -- UTILITIES AND REITS FALL WITH BOND PRICES -- BANKS AND LIFE INSURERS RISE WITH BOND YIELDS -- INSURANCE LEADERS ARE UNUM, METLIFE, AND PRUDENTIAL -- BANK SPDR HITS NEW SEVEN YEAR HIGH

by John Murphy,

Chief Technical Analyst, StockCharts.com

BOND YIELDS REACH NEW 2015 HIGH... The surge in bond yields that started a month ago is accelerating to the upside. Chart 1 shows the 10-Year Treasury Note Yield climbing to the highest level since last November. Chart 2 shows the 30-Year T-Bond Yield doing the same. The driving force...   READ MORE