All Ye Faithful in The PPT

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I am turning 30 years old today, so I am going to duck out of here early. While the huge gap up scenario would have been much easier to assess, regarding the possible abandoned baby or morning star doji bullish reversals, the market is insistent on making things tough for everyone, as usual.

Nonetheless, I have faith in The PPT and its historical accuracy in these types of situations. I also outlined in my market wrap up last night some reasons why I think we are at solid support levels across the broad indices and sectors. We are well on our way to printing another doji today, although anything can happen by the closing bell. The Japanese Yen continues to weaken against the Dollar, combined with the general weakness in the Yen ETF, $FXY. I remain steadfast in my belief that a weaker Yen will make higher equity prices much easier to attain, so keep that “tell” on your screens.

Good luck the rest of the day, and I will check in over the weekend.