29 APR 2012, Sunday

• Just to note character change of market...above is a chart of the NYSE Index.  Look at the left 3/4's of the chart and then compare it to the right 1/4 of the chart.  Recent price action has suddenly become very gappy which is highly unusual for this broad an index and demonstrates the hairpin reversals happening overnight.  
• Below SP500 has recently corrected down to the 50ma and bounced.  It has continued solidly above the 90ma since DEC 2011.
• Hasn't been much to add lately.  Been spending more time with bonds recently.
• Reminder...Operation Twist to end in JUN.  Stock market has not performed well after prior QE events shut down.  But, this is an election year which usually tends upward.
• So many but(t)s.....