11/16/2016

Though a stall sometimes precedes a drop, USA main indexes are quite fine today without much change from yesterday. No rejection from resistance, and the weak link Tech / QQQ continues to play catch up. 

SPY could have closed below the YR1 but didn't. Bulls still have the ball.

Of note: TLT looking better above the Q4S3. I got the high in July and pointed to decent shot at trading low over the weekend on 11/13. It remains to be seen how important a low this is, but so far, my attempts to get the turns in bonds have been spot on. Anyway else in media with the same record in bonds this year? Bullish 1/6 on, key high 2/11, one and only speculative short on the site from 7/8, bearish Q4, low likely near 11/11... I don't think anyone can match this!

SPY and TLT below.