Sunday, September 7, 2014

9-7-2014 $SPX

So, that NFP number.  What can yah say. 

Day turned out pretty bullish on a pretty terrible NFP number.  The old thinking under prior QE's  hasn't changed, but I think that is wrong.  Do they really think Yellen is going to stop the Taper?  But it is what it is, and there is not much upside left before chart looks very bullish again.  Maybe top orange line will contain it and pipe scenerio plays out.  We shall see.

Here's something I read over the weekend, that was a great reminder of WHY I'm so bullish on the stock market over the long term.  Enjoy.