The stock indexes continue in their bottoming pattern, and so far, this is normal looking. Remember, that while the point swings are large – the %moves are not. While the indicators are positive, in some respects this rally is taking a bit longer to get going than we would like to see, and SPY will look better if it can cross 268 to the upside by the end of the week. TLT is holding the 121-area support, and if this breaks a test of 119 is possible.
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