I really have no idea where the markets are going. In fact, I’m surprised and dumbfounded how the markets have surged to these levels at all. Never doubt the power behind the FED and the massive CASH print machine. Are we in danger zone? Not Yet!. Watch for a break of 17,000 on the INDU. It is obvious the FEDs hold the bid; but at some time the pressure cooker will blow. Maybe today, maybe two years – No Idea. All I know is that the uptrend is still in place – Until its not!! Still, Pharma holds like a champ – Clinical Research Continues.
SZ
