A quick update
Odds are good I could have thrown a dart at any long ticker symbol and made money. When we have a broad-based buying day like today I tend not to hyper-focus on the technicals. Instead I'll look at the charts tomorrow to see what provides confirmation. If I were to render a short-term guess, the markets will climax on Friday's jobs report.
Not much good to say about bonds. Although the 5-year yield did drop -1.26% the 30-Year rose .41% At these levels AGG is playing with its 200EMA and today managed to close above it.
All green for the American Market Quilt. The Transports had the weakest gain while the small and micro caps out performed all others.
The Dollar bounced off its 18EMA closing at -.56% Although is was nice to see a good drop, I think it held up rather well when you consider Gold rose 2.23% and Oil 2.54%
The Overseas Quilt gained more strength today.
The Axial-Drifter-Intermediate switched to a buy for the I-Fund today, but as the rules state it will stay in the S-Fund till the end of the month to reduce the potential of running out of IFTs.
It's a great start to the year... Jason
