[Market Outlook] Raging Rotation and A Key Reversal

[Company Logo] Raging Rotation and A Key Reversal Hi Trader, Friday’s price action capped off a string of days that told a story of broadening market strength and expectations of improving economic conditions. [image] On a daily basis, the story sounds like this… On Thursday, TLT quickly retreated after breaching its April swing highs and continued its weakness into Friday, closing below its 10-DMA by the most significant margin in a month. While the QQQ sold off on Friday, the small-caps, Grandpa Russell (IMW) accelerated higher after breaking an important swing high. The same can be said for the transports (IYT), and retail (XRT). Friday’s strength also pushed the banks (both XLF and XRT) out of multi-week ranges. With banks, retail, and transports all rallying, the SPY was able to hold up, and the S&P equally weighted EFT (RSP) had an impressively strong day. The story gets more interesting when you look at the action in the areas that have been leading (i.e. SMH, IBB GLD, etc). And even more noteworthy when you take note of the longer-term chart pattern of all of these markets. [Click here for the Free Video]( [Click here for the Premium Video]( Best wishes for your trading, Keith Schneider CEO MarketGauge Get more - follow us here... Twitter [@marketgauge]( and [@marketminute]( and [Facebook]( To stop receiving this go [here.]( Got Questions?Office hours 9-5 ET (New York time) Email: info@marketgauge.com Live Chat: Go to bottom right corner of our [home page.]( Call: 888-241-3060 or 973-729-0485 There is substantial risk of loss associated with trading any securities including and not limited to stocks, ETFs, futures, and options. Only risk capital should be used to trade. Trading securities is not suitable for everyone. No representation is being made that the use of this strategy or any system or trading methodology will generate profits. Past performance is not necessarily indicative of future results. "Market Intelligence at a Glance + Tools For Serious Traders" [Unsubscribe]( MarketGauge.com 70 Sparta Ave, Suite 203 Sparta, New Jersey 07871 United States (888) 241-3060