THE MARKET
Keeping it short and simple.
Off of massive easy and easier money around the globe:
Big 4 indices either breaking out of a long trading range or on the verge. Even bad news has been bought up in names like CAT and AMZN.
The SOX and FINANCIALS into new high ground. This is very important.
Entering decent seasonality.
The following countries are easing:
Australia
Brazil
China
Denmark
Europe
England
Hong Kong
India
Indonesia
Japan, Korea
Mexico
Philippines
Russia
South Africa
Turkey
Thailand
And of course, our central bank is going to lower rates again this week with 3.5% unemployment and as we have stated, is now doing more QE even though they lie to you and tell you it is not QE.
If the breakouts hold, do not fight that it is all occurring on flat to down earnings. Easier money has been winning the day for over 10 years. Every bottom since December was caused by our central bank going easier with a change of stance.
And still plenty more earnings to come out.