A "Thank You" note: This blog got almost 400 hits during last week's holiday-shortened activity. That's a record for our short history. Thanks for the interest.
A Scheduling note: There was no STR this past weekend. We have updated our files and have begun the "Monthly." That will be out later this week. We will update the blog during the week (including tonight) as usual.
A "No Clue" note: We caught a guy on TV over the weekend who rather dismissively noted that the market was trading to the technicals. We know that the technicals lead the fundamentals. Obviously he doesn't. Another "expert" who doesn't understand the market.
A market note: things appear to be on schedule. A week ago, we suggested that the short term pressures would abate within about a week and that a subsequent short term top later in June would probably also coincide with an intermediate peak. We see no evidence to warrant any changes.
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