Retail sales yoy was a little over 4%. The past month es gasoline was 1.2% with the prior months revised upward. And yet rates are falling. If AAII reports bulls in the teens, ya just have to buy no matter what sort of tomfoolery is going on.
Statistically speaking, a close below or above a moving average does not mean a thing, it's as useful as a coin flip.
Especially over the past year or so...We've criss-crossed that 50/200 day MA multiple times...Occasionally it doesn't even blink as it slices thru them.
Have no fear the magic futures are here, up down up down. just watch the magic futures work there overnight night magic. You have to admit chances of the overnight rally are pretty strong for tonight.