SHORT TERM: End of month, end of quarter.
The Asian markets were generally higher overnight, and Europe came in flat to lower. Our stock indices gapped up nonetheless and appear to be trading in a narrow range thus far this morning. So far it looks like an expiration day with a lot of book squaring. The DOW has started off well with the positive divergences set up yesterday. Bonds seems quiet after making lower lows overnight. I’ve done quite a few StockEWave analysis on specific stocks. Will be posting them in the days ahead and adding the charts to chart link. Looking for the indices to move higher. Best to your weekend!
INTERMEDIATE TERM: uptrend
LONG TERM: bullish