U.S.A. Stock Markets Thrust Positive on The Week

Heading into the final hour of trade, major indices are back positive on the week.  The move began around 2:30pm after markets spent most of the day consolidating the gains achieved overnight.

Yesterday’s low looks decent, in terms of structure.  The NASDAQ printed a mini failed auction late-Monday afternoon and the low held through globex [unlike current swing high, which printed after-hours, suspect].

We are likely to see some of this move fade off, given the S&P and Dow are both neutral on the day.  However, and this is of note, the best index for bulls is the mighty NASDAQ–a market free of financials, the burden of banks, the sour grapes sure to rot as the reality of Brexit ages and cures.

There is nothing overtly bullish about the world right now, however there is something bullish about America–we’re not in the European Union, nor shall we ever be a part of the failing state.  Oh yeah, and we’re about to celebrate our Independence via blowing shit up and drinking PBRs on docks and boats and beaches.

We have our own failing state to deal with.  The best failing state on the globe.