Wednesday, May 25, 2016

Smooth Sailing As Stocks Approach Top Of Range

It's such a sham, there's little to say other than 18,000 on the Dow approaches, a level the genii marketeers have yet been able to surpass.

The likelihood is that any rally over 18,000 will be sold off within days, if not minutes.

Tomorrow's headline will scream about the Fed raising rates, thus scaring investors. Friday, Federal Reserve Chairwoman, Janet Yellen, speaks at Harvard, which should provide what the talking heads are calling "clarity."

Harumph.

Happy Motoring!
S&P 500: 2,090.54, +14.48 (0.70%)
Dow: 17,851.51, +145.46 (0.82%)
NASDAQ: 4,894.89, +33.84 (0.70%)

Crude Oil 49.74 +2.30% Gold 1,224.20 +0.03% EUR/USD 1.1154 -0.03% 10-Yr Bond 1.87 +0.59% Corn 404.00 +1.64% Copper 2.10 +0.02% Silver 16.33 +0.42% Natural Gas 2.16 +0.75% Russell 2000 1,141.02 +0.50% VIX 13.90 -3.61% BATS 1000 20,677.17 0.00% GBP/USD 1.4701 -0.01% USD/JPY 110.2160 +0.01%

No comments: