They still cannot sell the indices down!

Just a short note this morning:

Despite the 50-50 market. Despite the many areas that are not working. Despite not having a bear market since the big flood of 42. Despite nary a good correction…despite all of this, major indices continue to be range-bound. There is an old motto…if they can’t sell them off, they are eventually going higher. As always, we will let the market decide but so far, support levels get tested and support levels hold. A couple of good days will take major indices out of the range. A couple of bad days will do the opposite. That’s how tight the range is.

This morning, indices are again in gap city as Greece this and Greece that. Just keep in mind, nothing has changed with central banks. Rates continue to be at 0% and in some places are negative. The printing of trillions continues and since the lows, the over-the-top, never-been-seen, easy monetary policy has been the best friend of markets.