Another week for the bulls, which makes a running total of six, from sp'1398 to 1518. Pretty incredible, but then the Fed is throwing 45bn a month at the primary dealers..who are no doubt leveraging up at least some of those monies into equities. Who can blame them, whilst the trend is UP.
Once again, the case where we see an opening gap higher..and then the market flat lines, like a terminally ill patient on life support. What a great year this is already turning out to be!
Well, that's it for this week.
Have a...calm (and bullish) weekend.
*there will probably be a weekend posting, late Saturday, on the monthly US indexes