This wek was largely a continuation –now 15 days of uptrend without a pullback to give us a point on whiih to anchor a trendline. If you want a temporary trading stop you migh put it 2% under Friday’s close. We don’t get excited by runs like this because we are accutely aware that a downwave will shortly occur, and until that happens we look at it as the market’s money.
For a straw in the wind (bullish), the Qs have taken out a couple of highs, and while they too are awaiting a pullback we consider this a very bullish sign. You can even buy on this if suffering the inevitable pullback — probably small won’t ruin your digestion.
Later today we will address the silver and gold — acting positively.