There are some potentially monster bull formations on the index charts, with inverse head and shoulders abounding, targeting SP 1450 if we get the breakout and confirmation for example.
So, get long the market? My inner bear is growling. I can't really get long with conviction, so I'm back to playing pair trades and playing it on the edges until I get a better feel for which way things are going to break.
The real economy seems sluggish, but the presses are rolling. So we could see things break out nominally, or we at least have to allow for it.
Have a happy holiday weekend. See you Sunday night.
