Quiet overnight with europe coming in flat and the NIKK and ASX making new highs, HSI was closed. The futures reflected that with a quiet opening and some buying into 10AM. The market seems to be trying to find a foundation here from which to continue the advance. The ES futures continue to act well, need to surpass 1290.50 to resume the rally, it’s action still looks impulsive. TRANsports made a new high on the open. Best to your day!
INTERMEDIATE TERM: NEUTRAL
LONG TERM: BULLISH