Who cares about stocks when you can watch the excitement up at Cape Wall Street where the launchpad is complete and the countdown is under way for the spaceship US Treasury Market as it heads for edge of the solar system and the outer limits of the Milky Way.
Meanwhile, stocks are catching a little bid this morning. What else is new? It will be interesting to see what they can do with this 5 day cycle upturn. If they clear 4712 the initial measured move target would be 4746. But if they don’t clear 4712, we’d be looking for 4665 initially. Below 4658, the bottom drops out.
Just in case you missed this little bit of fun yesterday-
Meanwhile, the big picture.
When Boring Isn’t Bullish – Gold
It’s The Most Blunderful Time of the Year
Wheels Are Moving in Slow Motion for the Top
The Rigor Mortis Stock Market Rally
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