The Fed is still propping up markets. They'll continue to do so for another month. The only question is how far in advance will some bulls make their exit?
And, like after a bad storm, commodity investors have returned to the wreckage to take markets higher again. The damage done in this bear raid by the exchanges did more to hurt their credibility than to enhance orderly and fair markets. No wonder commodity markets suffer from a poor image.
Thursday's Jobless Claims seem more important to me than previously given the disconnect between the previous report and Friday's NFP.
Let's see what happens.Disclaimer: The ETF Digest maintains active ETF trading portfolio and a wide selection of ETFs away from portfolios in an independent listing. Current positions if any are embedded within charts. Our Lazy & Hedged Lazy Portfolios maintain the follow positions: VT, MGV, BND, BSV, VGT, VWO, VNO, IAU, DJCI, DJP, VMBS, VIG, ILF, EWA, IEV, EWC, EWJ, EWG, EWU, BWD, GXG, THD, AFK, BRAQ, CHIQ, TUR, & VNM. The charts and comments are only the author's view of market activity and aren't recommendations to buy or sell any security. Market sectors and related ETFs are selected based on his opinion as to their importance in providing the viewer a comprehensive summary of market conditions for the featured period. Chart annotations aren't predictive of any future market action rather they only demonstrate the author's opinion as to a range of possibilities going forward. More detailed information, including actionable alerts, are available to subscribers at www.etfdigest.com .