I’ve been up since 4:30 a.m., thanks to one of my dogs. Mojave wanted to go for a walk. It was obviously too early. So, bright pup that he is, he walked over to the other side of the bed, pressed the “on” switch to the floor lamp, and bang, that got me up. He does that whenever he really wants to head outdoors, sleep be damned.
So I’ll just say that I’m delighted, of course, at all the red on the screen (although someone needs to remind me to stop trying to short TLT; its bull market, I suspect, is going to continue for months on end). Let’s hope the selloff sticks for a change. The big question, ultimately, is whether the horizontal on NQ continues to provide support at about 4080. It will take a major disappointment to break this line. Something along the lines of…….oh…….Apple after the close this afternoon. Will it happen? I doubt it, considering how strong the Apple chart looks. But – – one can always dream.
If for some reason you were to join me in my car, going about my daily errands around Palo Alto, we would in all likelihood pass the intersection of Alma and Charleston, and you might ask me who this guard was at the railroad tracks and why he was there: