I usually can figure out why the market makes its daily moves. Today, the Bank of Japan was at it again as they dropped rates from just about zero to absolute zero but this time the yen went up. The dollar tanked. Commodities zoomed. This one, I do not get.
The 2-year Treasury rate stayed at its record low. Gold just about hit my 1350 target (see Facebook side bar –> for more).
For what? Japan said it was going to work on its economy? After 21 years, NOW they mean it?
Dear readers – you tell me what is happening. Technically, we have no choice but to see a price breakout across the board. True, volume was its usual stinky self but I am out of objective technical arguments.Something is wrong and I just cannot figure it out.
Let’s crank up the comments machine. I know how many visits this blog gets so let’s share the mental wealth.
