The day isn’t quite done yet, but I’ve got a few minutes, so some thoughts…….
First off, the breach of this pattern on the small caps (Russell 2000) is, for the bears – – how do you say? – – Not Good.
Interestingly, the emerging markets bond fund did a beautiful about-face from its own broken trendline.
Of course, I continue to watch with great interest the Fibonacci target on the S&P cash. Today we came just a few microns away from the target (2481.24 was the high as I am typing this).
Oil’s strength burned my ass today. Looking at commodities broadly, the prospect of a strong downturn isn’t ruined, but boy, it’s getting questionable.
I’ll do periodic updates as I’m able. Outside contributors, I’m grateful for any posts!