While the various touts, hopers and dreamers that make up the modern global financial market construct come out to play on yet another nice bullish day, we'll just watch the credit spreads by proxy, some of our liquidity indicators, fan along through the process of what should be a warning for bulls, but yet again, probably won't be.Corporate bond fund LQD has come to a support zone in ratio to crackhead junk bond fund JNK.
Gold (GLD) patiently continues a bottoming process as measured in silver (SLV). Interestingly gold is way out ahead of silver today on a day bulls would wish the opposite to be in play.
And there is dear old Uncle Buck proxy UUP, still looking bullish.
Pardon me if I just wait to see if the DIA chart in the previous post halts at the noted target, before renewing any prospects for more bull.
