ES HAS TOPPED

You made a bold call last month. Kudos to you. The call was wrong though and not timely. Let's move on.

 

Speaking of moving on.....

I'd call this up day "Ohmigawd! Trumpelthinskin has not gotten the U.S. into Armageddon!" Day, with associated relief. (The G20 has even saw fit to ban cameras -- smart move.)

 

Looks like we are back in full rally mode...

 

Not just yet we aren't. --Will be using this bounce to exit some stock longs.

 

definitely.
Have two!
They are virtual cookies after all.

 

@franT promised me a real cookie.

 

I also believe the top is in, or damn close, wave 5 of larger Wave 5 appears to have completed:

 

How about now? We are 10 pts higher, easily V-recovering Trump Jr.'s stupidity yesterday. Are we back in rally mode?

Edit: We are up 17 pts right out of the open...

 

Gap then crap.

 

With JPM the only Dow component negative fill won't be happening today.