Up following a choppy decline from Friday's highs.
An up day in Europe follows a mixed night in Asia as hopes build for a bailout of Italian banks. Yes, Europe's bad banks are still a mess and nothing has been fixed. We've simply found other things to distract our attention.
For example, the Facebook has its knickers in a bind over "a decline in people sharing original, personal content, the fuel that helps power the money machine at the heart of its social network," according to Bloomberg.
It seems people have grown less willing to post updates about their lives as their lists of friends grow, and are posting more news and information from other websites.
Personal sharing has gravitated to smaller audiences on Snapchat, Instagram, and other messaging services.
And that's the point: behaviors change, people move, what's hot is suddenly not.
With Zuckerberg and his Imperial Ambitions on the cover of The Economist and slowing momentum in the market, the Facebook could soon see more change that it has bargained for.
And with the latest Bilderberg meeting just announced (June 9-12 in Dresden, Germany), Zuck (along with Bezos and Schmidt) will soon get their latest marching orders from those who are bent on controlling the world. Amazon, the Facebook, and Google know what you buy, who your friends are, and what you search. And Bezos' fleet of drones will soon see the back entrance to your house, which cars are parked in your driveway, and gazillions of other tiny details about what your private home or dwelling.
Ohh, and they'll LOVE what's happening in Japan too.
This has to be the ultimate government fantasy worldwide.
Fresh highs in JPY overnight (yet currently weakening) amid a mixed up day so far in FXland.
Another day of shallow retracement.
WTI crude and NG lower.
Copper sitting out a rally amid gold, silver, platinum, and palladium.
The market feels boxed by 2067.33 above and 2033.80 below. Friday's action was conveniently inconclusive before the weekend.
A small wave-four correction is probably nearly finished or has already finished and 2067.33 will be exceeded on the way to fresh rally highs.
Still remain a buyer below if needed.
Otherwise, there is one thing of note: two days in a row of massive ticks on the open. Friday was 1500+ and this morning's open just printed 1400+. Appears that an awful lot of people just have to have stocks.