In spite of the fact that the S&P broke its intermediate-term trendline last week………
The illegal purchase program conjured up by the Fed is still working its wonders, as we see many sectors have yet to break their own uptrends:
I’m still profitable on the day (although less markedly so) but have retreated from 75 positions to 54. I think I’ll probably hold steady for the moment. My commitment level has been trimmed from 150% to 104%.
