Although the equity futures such as the (NQ) are continuing in their directionless, meandering, maddening drift, day after day.
At least the one asset which I am enthusiastically bullish is having a great morning: . Below are the PA futures, which as of this moment are up more than 5%
This is important, because palladium was getting pretty mushy over the past week, slipping yesterday to the approximately $1100 support point. That held, however, and it is having its best rally in months.
Long-term, by way of the regrettably-thinly-traded , we continue to hammer out what could ultimately be a very important base, similar to what we’ve seen in the past.
This victory notwithstanding, I’ll continue to grit my teeth with the irksome equity market.
I’m going to get a nice, swift kick in the teeth at the open when I get stopped out of my short (luckily not too big, but it still stings), but otherwise it’s a decent morning.
All I can say is that the (NQ), which has ascended thousands upon thousands of points over the past few months, has got to weaken at SOME point……….right…………..right?