WEEKEND NOTES

We do not have to be long-winded this weekend.

Major indices moved out of a 9 week range. There has hardly been a down day of import since the election.

Financials held the 50 day. Still need to move out again. That has not happened yet.

Metals/mining look ready for another leg up as steel, copper and all that stuff set up.

The semis tease downside but reverse up every time there looks like trouble.

Not so great earnings are not sold. In fact, saw a few gaps to the downside that were bought intraday.

Chinese ADRs now coming on.

World markets remain strong.

In spite of protests, riots, missteps by the White House and a complete demonization by the media of the new President, markets continue to ignore.

The only real negative is sentiment but sentiment is a secondary indicator. Some of our readings are at multi-year bullish areas…as a contrary indicator, has to be kept in the file manager.

As always, if anything changes, we will let you know.