One and a half cheers….

 

0118spxhttp://stockcharts.com/h-sc/ui?s=$SPX&p=D&yr=0&mn=6&dy=0&id=p16768279576&a=214966864

The stofck market gave one and ahalf  cheers Friday when it heard that the House of Representatives was not going to blow up the country (and probably the world).  The bad news is that they kicked the debt ceiling can down the road for only three months.  So we will get to do this again shortly.  In the meantime we will probably have smooth running for awhile, and then volatility will set in again.

0118pgm

http://stockcharts.com/h-sc/ui?s=PGM&p=D&yr=0&mn=6&dy=0&id=p58074059401&a=289834372

 

Platinum (PGM) is buyable.  Short term downtrend broken and gaps across the resistance line.

0118indu5yr

Meanwhile this is the truly important chart.  The Dow Theory is flashing green and the indices have gone to new highs.  These are all buy signals.  We are increasing our commitments in the major indices.

 

 

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