*with stockcharts back (sorta), here are a few of the main indexes
sp'daily5
R2K
Trans
Summary
*first to be clear...I do NOT expect the R2K to remain stuck at the current level, I do expect the 1200s within the next week or two, and new highs in July - along with all other indexes.
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So, a relatively quiet day in market land, and it is notable that the sp' managed a second consecutive close in the 1950s - a level many thought not possible until year end.
Looking ahead
There isn't much tomorrow. The only notable things are the EIA oil report, and the US Treasury budget.
*next sig' Qe-pomo is not until next Monday.
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A more normal Wednesday
With stockcharts being offline, it was not the easiest of days. I do have access to my own broker chart software of course, but none of that is annotated, and its just not as good.
I don't expect much from the broader market tomorrow, other than relatively quiet conditions, with the underlying upside. Daily cycles are offering the sp'1960s this week, and I do believe we'll see that.
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*this morning I picked up WFM from the $41.60s, well above my target entry, but with viable upside to at least the 44s, I decided to chase it higher. I'll probably hold until Thursday/Friday.
Goodnight from London