And the beat goes on!

We are back into the persistent market off of Japan and the ECB as markets continue to love money printing.  Don’t worry about recessions. Don’t worry about debt. It is the money printing stupid!

Not much has changed. The commodity move lasted for another hour before the Yen and Euro tanked…which in turn, turned the commodities back down. We shall see what happens on the retest.

After that, we will be brief as we don’t want to talk too much this second. Markets remain stretched and extended to the upside with very overbought conditions. Small caps continue to underperform large caps.