The SPYs continue to move higher. Notice that today's candle was strong, although on weaker volume. In addition, the trend further extends the rally. While today I previously said the market can't continue this upward trend, I still maintain that statement. Simply put, the trajectory is still too high. I would be far more comfortable if the market was moving sideways right now. However....
The transports moved higher today in a big way. That is good news for the rally as this adds confirmation of the trend.
I'm on Linked In and Twitter (@captivelawyer). Silver Oz's Linked In name is @silver_oz. NDD is a fossil and may be reached by etching a picture in stone on the wall of a cave.
The Bonddad Economic History Project
At the beginning of 2012, I decided to start looking at the actual, statistical history of the US economy starting in 1950. The reason is simple: to find out what really happened. So, when you see title of a post that begins with a year such as 1957, followed by "employment" or "Fed policy: you know what it's for. You can also access the information by typing in BE for Bonddad econ and a year to find information on a particular year.
Here is a link to pages that contain links to all the posts on the years listed.