Market Sense and Sentiment

[bbgold]

Morning Steve
Things have been busier this year with Tess.
I am now her 'certified' caregiver and it seems she is becoming more and more needy, so less time to watch the markets.
I see this AM another run of Econ data that 'looks' good but this time not much reaction from the Markets?
I think all the speculation that the numbers are being inflated/adjusted to help with the election might be starting to get some consideration from investors?
To me it seems more a matter of too far too fast and a good pullback to retest some support is needed.
Now once that support is tested it will be a matter of whether or not it will Hold, most likely at least a bounce, and then we see where the Market sentiment is at that time.
Once the buyers step back and take some profits I believe they might come to the realization of 'Why am I buying so High' and start to take even more money out of the Markets.
That could lead to a waterfall effect of selling short term that could eventually be extended much as the buying has been if the News begins to falter again.
1335/1320 would indeed be good targets to continue watching for support or breakdown.
The disconnect seems to be continuing with the Euro so not entirely sure what is keeping the Markets motivated here?
When I see a lot of questions about the Market action it always brings to mind 'when in doubt get out' and I think just the latest disconnects to Bonds and the Euro might have investors thinking the same thing?
Have a Wonderful Week!