Was traveling on the 6th, 7th, & 8th so missed all of that. Will be traveling down through Wyoming, into Colorado, and then into New Mexico this coming week and won’t be back until the 18th or 19th.
Bottom line market broke out of tight trading range, blah, blah, blah. Zweig Breadth Thrust at 58.85 which suggests more room to the upside before any chance of a pull back.
News out of Europe and out of the Fed are more important now than TA, and why would either say anything that would upset markets?
September is supposedly one of the worst months of the year for the markets, but then August isn’t far behind, so what’s with that? Could just be the upcoming election and a need to push markets higher to make it difficult to vote against the incumbent. However, there is always a chance that historical norms will exert themselves which would provide a good buying opportunity or two in the coming weeks.
See you in a few days.