Monday, November 16, 2009

11.16.09 - Second Stage Launch

Horrid internet issues after a series of windstorms have me out-of-pocket once more and holed up in an internet cafe.  The morning economic reports provided enough bullish confirmation for another big push higher even though last week's action had left many short-term indicators rolled over.  Just can't fight this bull for long.  Will we get our projected fib-extension to SPX 1,120?

Without my main workstation on-line, I have found the Daily Sentiment indicator embedded into the Mrkt Metrics charts to be enormously helpful (sorry, Firefox only).  Speaking of which, do take a look at the Normalcy indicator; this market is tremendously stretched from its intermediate mean, which is particularly unusual on the upside.

1 comment:

Anonymous said...

Jeff, fwiw Mrkt Metrics (tm) works just fine in Safari.