This is going to be a shortened, chopped-up week. Thursday is a holiday of course, and Friday will be a half-day. My tastylive show will be on just Monday and Tuesday. As we head toward this traditionally bullish week, let’s look at a few key indexes.
The NASDAQ Composite respected its gap and remains bound between the trendline and the horizontal
The NASDAQ 100 is identically situatedIf the bulls are going to have their 119th up year in a row, they’re going to need the Russell 2000 to participate; this is poised for a prospectively strong and sustained rallyAs with the Russell, the Dow Transports are poised for a powerful breakoutVolatility only managed to feebly get to around 18 before crashing back down again.The gold index looks perfectly poised for a hard fall
