Resting And Waiting

It has felt great to rest. And I'll probably take it easy this week as well. At some point, this market is going to need a rest, too. But I don't see it coming under 1242.82 before getting up to, and possibly over, 1292.66. There could be a small retracement somewhere, but I still feel the S&P will confirm the Dow which broke above its Oct. 27th high last Friday.

The big news of the day, for me, is that Italian yields are up above 7% again. Looks like it was a very short Christmas in the Euro Zone. Hope you enjoyed yours.