The Fred Report - Weekly September 5, 2023
Short-term breadth indicators look okay, but not great, suggesting we could see some weakness over the next couple of weeks – but this does not damage the intermediate picture, which is still positive. All of these Chinese ETFs (FXI, GXC, PGJ, KWEB) traded down to the bottom end of their respective right shoulders and have held – and started what looks to be a tactical rally. While sentiment is a condition indicator and not a timing tool, the bond setiment chart does suggest there is “Gas in the Tank” to support a bond rally.
Sorry this page is available to subscribers only.
If you're not a subscriber why not join today?
If you are already a subscriber, please login.
If you believe you should be able to view this area, then please contact us and we will try to rectify this issue as soon as possible.
To gain access to the members only content click here to subscribe.
You will be given immediate access to premium content on the site.
