We got the bonds to reverse on the back of two Draghi comments to close the week. When another Mario Draghi headline about bond buying, cutting rates, and additional LTRO hit the wires mid day, the S&P vaulted another 12pts after a strong start. The easy gains on the long side is probably gone, but we are so close to the 1400 mark on the SPX, the bulls may give it another try next week. Short term and intermediate trend are both pointing up.
