Dow, daily
Summary
Very little to add at this point.
Aside that there is no point on focusing on the smaller cycles now. Today is clearly a breakout day, and the notion that April is the 'death knell for the market' should be thrown out.
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I realise some of you will be bemused, even outraged, at my turn of trend outlook. Yet, I'm just going to keep on calling it as I see it.
Bears had a chance to break lower - as we saw on Wednesday, but they just can't string together a series of down days. Its that simple.
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I remain on the sidelines, but will look to go long Oil, sometime next Monday.