jg – yes, the commercials increased their longs to the highest position in the last year this week, which is very bullish. Also, bonds have halted for the moment their parabolic drop, so things look very good to me for the near term which is the next 30 days or so. The 5 stocks I own all fell very little today, so they are outperforming the market as a whole, which is the goal.
We do have a trading range here so I think we will break out to the upside out of it in the next few weeks some time. If we get weak economic data, that will likely spark a big rally in stocks because it will trigger a rally in bonds.
