Little to Say Now
The stock market is testing the important 1260 support level on the S&P. It appears that this support level will give way soon and the next support level is 1130, the area where the market had trouble before the Fed’s started the speculative run.
Probably the most interesting thing is the gold / dollar relationship chart which has made a double top over the past week. I could say what I think that means but for now I am just watching it unfold.