Sunday, June 7, 2015
Week In Review (6/1 - 6/5)
On a year to date basis, the S&P 500 has once again slipped back into its drawn out range after attempting an upside breakout over the last few weeks.
The Nasdaq and Russell 2000 have asserted themselves as the clear domestic stock market leaders through the year's first 5+ months.
As mentioned above, the pullback in stocks last week was due in part by the recent volatility of the bond market as the 10-year has fallen below its 200-day moving average and is testing major support on the longer term weekly chart.
Ryan Worch is the Managing Director of Worch Capital LLC. Worch Capital LLC is the general partner of a long/short equity strategy that operates with a directional bias and while emphasizing capital preservation at all times.
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