sp'weekly8b
Summary
*note the upper weekly bollinger has jumped into the mid 1970s.
Certainly, market looks viable for upside melt into the 1975/80 zone by late Thursday.
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Chicago PMI 62.6.... a long long way above the 50 recessionary threshold. For the bulls out there, the PMI is highly suggestive that Q1 was an anomaly...and that Q2 will come in 2-3% growth.
Right now...I don't know what to make of this.
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Notable weakness, coal miners, BTU -1.7%, WLT -3.3%