Stocks are fighting to take back record levels this week.
One technician is looking in an unusual corner of the market for proof the S&P 500 can build on the rally.
“In the commodity markets, we’re encouraged that the price of oil is outperforming the price of gold,” Ari Wald, head of technical analysis at Oppenheimer, told CNBC’s “Trading Nation” on Monday.
“Oil, typically the more economically sensitive commodity, [is] outpacing gold, which is typically more a safe haven, we see that as a sign of bullish risk appetite,”....More>>>