Light week
Stocks were up modestly yesterday and bonds rallied
again. The S&P 500 seems to be having problems
moving over the prior high. This could just be
a temporary pause as the indices gather steam, or it
could be a sign that stocks are fatigued and will
get a needed rest.

Chart provided courtesy of
www.decisionpoint.com
The dollar is pulling back from its recent rally.
Oil is still near $69 a barrel. Bond yields
dropped again yesterday. The rest of the week
is a little light economic news-wise but next week
we have an FOMC meeting. That should be fun.
The EbbChart System
remains in the I-fund today but things get active
the rest of the week. Read more on the
ebbchart page.
Trader Fred's
TSP
Trader System is sensing a 1% or more move one day
this week - probably Thursday - based on a recent
pile-up in the summed NYSE volume chart.
Unfortunately the direction of that move is not
known as the indicators are split. He suspects
down since no submodels are currently in the market,
but Fred isn't big on trying to guess. Read
more from Fred on the
system
page.
Another busy night
for me last night so that's all I have today.
There really isn't much going on anyway. I am currently 100%
F fund. See you tomorrow!
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