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Please note that the time scale has been adjusted to provide better interpretive value moving forward.

Lot's of snapbacks and corrective sequences dominate the charts this past week.

The Bond CEF's perceptively broke above its symmetrical triangle, and has now snapped back to this same breakout area. Given the breakout in breadth, we might be looking at a blow off in interest rates short term.

The precious metals continue to attempt to find a foot hold, while the REIT's maintain their positive outlook for the intermediate term.

Breadth data for the Australian market has been delayed this week due to the cyclone that hit Taz's area. Here's wishing that everything is OK with Dan and his family and they escaped with minor problems.

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