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Well, wasn't that another fun walk through the park?
The question is whether we've broken out or not. We certainly exceeded January's high, but we closed right at the breakout point.
Commodities continued to be on a tear, DBC, DBC, DYY – – they're all looking sensational.
I'm making some minor adjustments on the blog now, so excuse me for a while……….
I hope you Slopers are doing OK on this, the 89th day of Captivity of Sanity. We pray that our bear market, held hostage since the first part of March, is being treated humanely by its captors.
Everything is going up. Everything. Interesting little mania we've got going on here.
High-quality blue-chip organizations like Thrifty Rent-a-Car have gone up 1,350% in just three months.
When "stuff" like this is floating, well, I think you know what I'm going to say. The bottom line is that there was a reason it fell from $56 to 60 cents in the first place, and I realllllllllllllly doubt that reason doesn't exist anymore.
Commodities continue on their tear higher, and a couple of ETFs caught my eye as bullish-looking that I haven't mentioned before. They are DBB……
………and DYY…….
Also, I know that Disqus is still having latency problems. This has nothing to do with my move to a new platform. It's just an unfortunate circumstance.
On a day when the Dow is up nearly 200 points, I find this graph more than a little interesting. GS is actually down a little. Hmmmm……..
