NDW Morning Pulse

Below are highlights from the NDW Morning Update Video for the morning of 6/25. Access the the video on the NDW Morning Update Video page. 

• The iShares Barclays 20+ Year Treasury Bond ETF (TLT) was up 1.37% over the previous day and completed a spread triple top break on its default chart. The move signals strengthening performance in long-duration fixed income and suggests improving investor sentiment.
• The S&P 500 Equal Weight (SPXEWI) completed a bullish catapult earlier this month at 8,550 and sits on three consecutive buy signals. Year-to-date, the equal-weighted benchmark is outperforming the cap-weighted S&P 500 (SPX) by more than 2%, underscoring the relative underperformance of mega-cap stocks and highlighting broader participation across the market.
• The Dow Jones Industrial Average (.DJIA) completed a bullish catapult at 52,000, marking its sixth consecutive buy signal. The index has steadily strengthened from its March lows, building an increasingly convincing technical case for continued improvement.
• The SPDR Gold Trust (GLD) continues to deteriorate technically. GLD completed a double bottom break at $370, marking its fourth consecutive sell signal. This deterioration is further reflected in its weak fund score of 2.38 and a negative score direction of 3.28.
• The healthcare sector has shown recent improvement, advancing above basic materials in our DALI sector rankings over the past week and moving into “equal-weight” territory. It now trails utilities and financials by just 2 and 7 signals, respectively, indicating a narrowing RS performance gap.