After breaking out in May, the equity markets continued higher in June, up 1.9% for the month.  Technicians would call this price action “follow-through”, but perhaps it was just more of the same: A steady stair-step grind higher.  And this has put some pain on participants looking for a top.  But on the flip side, the markets are getting stretched on multiple time-frames, so perhaps being aware and actively managing risk is the more appropriate tact here. This theme has been prevalent of late on See It Market.
In late May, I highlighted some key short-term Fibonacci price targets to watch on the S&P 500. And with two of those targets hit, I’m feeling a bit more conservative here. The lone remaining target is 2032, just 3 percent higher. Â But again, I’m an active investor and my view is towards mitigating risk over the short-term.
On a macro basis, the primary uptrend is still firmly intact. And this trend has been supported by a nagging sentiment that highlights a consistent bifurcation between the bulls and the bears. But sentiment is starting to tick higher.  Could this lead to a top in equities? Perhaps even a blow-off?  Ryan Detrick, who joined See It Market as a contributor last month (applause) has done a great job of highlighting sentiment trends over time. Speaking from a macro perspective, Ryan wrote this earlier in the month:
Can this bull market continue? I sure think it can, even though we are seeing market sentiment tick higher.
But, as I highlighted above, the market is fast moving towards some key resistance levels. Â Sound technician and market mind Andrew Kassen reminded us of this with his look at a long-term resistance zone on the NYSE Composite.
No doubt there is a lot to contemplate here. But much of it depends on your focus and time frames. Perhaps the coming top that everyone has been talking about will be short-term in nature (i.e. a 5-10 percent pullback). But what if it’s not?  And while were all focused on equities, what about commodities?  Our coverage of Gold and Silver was also prescient.  Research, research, and more research…
Okay, time to reflect on some of the best posts for the month of June in our latest installment of The Best of See It Market.  As always, thank you for your readership and please do not hesitate to provide feedback.
    THE BEST OF SEE IT MARKET – June 2014
INVESTING RESEARCH
Gold Sentiment, Price Cycles Point To Higher Prices In 2014 Â by Korey Bauer
Symphony Of Destruction: How Stocks, Bonds and Oil Are Reprising 2007 Â by Duncan Parker
S&P 500 Stretched But Time & Price Wearing Bears Down  by Andrew Nyquist
Is Market Sentiment Signaling A Major Peak In Equities? Â by Ryan Detrick
How To Find A Trading Style That Suits Your Personality by Jon Boorman
World War V: When Will The Period Of Zombie Volatility End? Â by Andrew Kassen
Investor Sentiment: How Concerning For Stocks? Â by Chris Ciovacco
Connecting The Big Dots: Why It May Be Different This Time  by  Jane Hwangbo
Energy Sector: Key Indicators Point To A Pullback  by Andrew Thrasher
June Seasonality: Strong and Weak Trending Stocks by Robert Lesnicki
Valuing Apple’s Stock: 3 Considerations For Active Investors  by Andrew Nyquist
Will High Consumer Confidence Derail Stocks? Â by Ryan Detrick
CHARTOLOGY
NYSE Composite Tags Key Long-Term Bullish Target by Andrew Kassen
Miners Stock Watch: Silver Wheaton by Robert Lesnicki
Is The Silver ETF On The Verge Of A Breakout? Â by Andrew Nyquist
4 Auto Stocks At Technical Crossroads by Maria Rinehart
MARKET NEWS & INSIGHTS
Could Q1’s Terrible GDP Actually Mean More Upside For Stock? Â by Andrew Kassen
US Dollar Under Pressure: Geopolitics Loom Large  by Jeff Voudrie
Look for another installment of “The Best of See It Market” next month.
Twitter:Â Â @seeitmarket
