Nasdaq, monthly'2, 20yr
sp'monthly3c - bare bones
Summary
*I do like to use chart 3c from time to time, if only to highlight just how crazy powerful the current rally is.
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As for the tech', it does look like the Nasdaq comp' will break above 5132 in the near term.
Far more important though (at least to me).. a monthly close in the 5200s should clarify there will be NO correction in the broader market until the Nasdaq can build up at least 10% of buffer room.
It is HIGHLY arguable that 5K is now solidifying as a concrete floor.
The implications are huge... but I won't go over that right now.. I've covered that issue many times in the past few months.
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Looking ahead
Tuesday will see housing starts data.
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Goodnight from London