Gold continues its winning ways . . . the major U.S. indices are still clawing their way up, digging through their gaps from 2/27. Trading has been low volume and narrow for the most part. All the majors are now short term overbought.
Rodo got us out of our NDX short with profits, and into a long this past week. The other indices have held their long signals. Our canaries - housing, banks, and brokers - are still lagging, but they look a little frisky lately.
The index futures stopped trading at 9:15 a.m. for the Good Friday holiday, but not before they got a big boost from the strong jobs report released at 8:30. Unless something else happens this weekend, Monday Monday should be a strong open. Unless this time good news is bad. How can anyone trade off fundamental news when we cannot even tell whether or not the news is good news? Is good news bad now or is it good now? The charts know everything, which is why Glory just follows the charts.
(When we have time (LOL), we are going to go back and look at our buy/sell signals a few days prior to every Fed meeting. It should be enlightening.)
