Looked a little wobbly in a relatively wide ranging, low volume day.
The wiseguys are the primarily the ones trading in this market, selling shares back and forth to one another in a Ponzi like manner, and using positioning advantage to skin any specs brave enough to venture in for a trade.
That is why it has a bias to drift higher when nothing happens, but is still a tough market for a non-professional without insider knowledge and tools.
At the first serious whiff of smoke, they will hit the exits and these markets will break hard and fast to the downside. But that's just my opinion and I could be wrong.
There is no sustainable economic recovery. This is opera buffa, a stage managed farce run by the one percent, and for the one percent.
