The S&P 500 daily is still rolling uphill like there is no tomorrow. 26 straight trading days without a pivot low being formed. We also bumped up against the short term down trend line and I would expect that we will take that out Monday based on the fact, nothing seems to be slowly this current rise in prices. Volatility is down and DMI is indicating a new long term uptrend is in the making. All indications is up.
The Small Cap daily is just moving along with the S&P 500 but not quite as steep a climb.
The International is also bumping up against a long term downtrend and it will be interesting to see if it can take it out and hold it.
Bonds are breaking out of a small bull flag which should mean higher prices.
Above is a little bonus chart just to inform you that oil fired an offical daily buy signal. Will it hold? I have my doubts, but what I know it means is higher prices at the pump for us. Just wanted you to know that it is happening and I see higher fuel prices at the pump for summer time. Yea!
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