Thanks Ben, you never fail us. Just want to see how everyone is feeling. The dollar is still well off the lows, gold is still down, oil is down, jobless claims surprise higher (CNBC spins it to nothing more than a bump in the guaranteed recovery road)... Dow at 10,440 resistance (with a tiny bounce down) as of this writing.
It is pretty spectacular how they're pulling this off. Gold down despite dollar heading back to the lows. Equities up on...well, nothing again, but that never matters With GS and JPM pulling the Fed backed strings, there can be no wrong done! It would appear we go on to break 10500, and 1115.
Yep once again.....market is literally stuck in a 2% trading range.... Pay attention to financials, dropping to intraday lows as market tries to find some upside.
Funny you mention that. Since I got involved in forex I don't generally watch much other than the dow/spy. I just so happened to take a peak at my old buddy XLF, which I haven't seen in at least four months or so. To my surprise, inspite of this never ending rally, XLF had gone... no where. In fact, it's been slowly trickling its way down.