Bounced right off the dashed wedge and 50 DMA didn't it? Could also form a ST Head and Shoulders if right shoulder gets built.
Futures are bright GREEN, pointing to triple digit Dow gain....could be a FLAGPOLE day.
Unemployment claims came in "less than expected" around 368,000.....with Challenger showing layoffs picking up by 20% last report I showed yesterday, is the figure accurate and does it even matter?
We already know many have settled for LOWER paying jobs and part time jobs,where others have dropped off roles in sheer disgust in not finding a job and so are no longer counted.
OIL sits above $100....we haven't even gotten to the busy driving season yet......blues skies? full speed ahead? Capital flows and $ debasement creating path to US Equities?
Aren't we headed to a date certain that the US $ loses its Reserve currency status if the FED chooses that over other alternatives?
D
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