The dollar is up. Oil and copper are flat. Gold and silver are down. Bonds are up.
Two more days of trading this month. Thanks to the recent bounce, the S&P is down only 2.5 points, so it wouldn’t take much to get the index into positive territory for the fifth straight month. The November – March time period has been super bullish.
The indexes are unchanged going back 1-3 months. The internals still lean to the downside. Oil has perked up lately. Maybe it’ll be the next group to play. Other than big cap tech, there hasn’t been much…which is to be expected when the market doesn’t do anything.
I like the market overall, but in the near term there’s proving to do. The bulls are trying to take control, but they haven’t accomplished the mission yet.