End of Month + 1 Day

I had meant to put these charts up this morning before the market opened to show how various items closed March.  But I am still behind the 8-ball when it comes to concentrating… or even functioning.  The acute flu is over with but it’s got a long and annoying tail on it that just keeps me… stupid, for lack of a better word.

So on to the big, dumb monthly charts posted by a big, cotton headed dummy.

The SPX target is in for all intents and purposes.  Still leaning toward ‘market resumes correction’ after it fixed its hurt feelings about the Healthcare follies.  But obviously, this monthly chart shows no sign of anything corrective.

spx

The target was 21,000, below which the Dow perches.

indu

To show how bullish this thing has been, NDX was not too long ago thought to have little shot at the 2000 highs.  Now, a drop to that area would most likely be a good buying opportunity.  I once speculated in a long-ago NFTRH that big tech could be the “new banks”.  I only wish I’d had the fortitude to do something about it at the time; like position in AAPL, MSFT, CSCO, INTC, GOOGL, etc. and JUST SIT THERE!  But no, I did not do that.

ndx

SOX has long-since blasted my best target and I have no regrets here.  Profits long-since taken and it’s in the hands of the momos now.

sox

RUT… yikes, look at that target!  Yet I am short IWM.  The real target was 1375 and RUT finally made it there all these years later.  I’ll stay short unless the daily chart yells ‘get out of the way!’.

rut

Doctor Copper’s roof continues to contain the Trump Trade and the fiscal reflation story.

copper

The 30yr yield could actually have risen to the ‘limiter’ at 3.37% in line with bullish markets and the Trumpflation tout, but so far our contrarian bond call is looking good.  If this thing does turn down again here I want you to send Louise Yamada a letter about temperance, hype avoidance and the ills of careering in the mainstream media.  Ref. R.I.P. Bond Bull!!!!!

tyx

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