Charts SYSTEMS

[gdl]

Yes this move is suspect since it hasn't come close to the lower channel, let alone break it. Even a bull market of this type should revert back to test the lower channel by now.

Even if the market has zero corrections between now and new year it still doesn't mean this is the final push.

As for the economic data it is still coming in pretty darn solid. Consumer confidence surged in latest reading, consistent with all the other indicators.

I am still fixated on the 10 year note. If it breaks above the last high, around 2.95, I would bet the initial reaction would be negative for stocks.