Not a lot of time this morning so quickly: bottom line is that the market is telling you that the FED will do whatever it can keep rates low and whether they call it QE or something else dollar debasement will continue. The risk trade is now officially back on. The dollar is being dropped like it has Leprosy and everything expect Gold and Silver are rallying. Why, they are the most heavily manipulated markets thats why.
The the ADX is screaming higher, SPX broke out of a short-term downward channel, SPX's MACD is about to breakout. MSI is turning up and spiking higher only bit of conflict is MO which is already at the top of its range it will be interesting to see how this plays out.
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| Headed for the recent lows, price action suggests that more easing coming |
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| This is obviously the most curious and bullish development. An advancing ADX in the midst of a down move and now taking out the april highs before the SPX is extremely bullish for stocks. |
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