So this was a crazy week....
10 year Bond has broken out to the upside above 4.55%
and we had a big rally on Friday ..
The GDP number came in @ 3.8%, however,
with the amount of actual inflation out there growth is not that good..
Both GTRC and ITT were down 10 dollars on poor earnings reports...
URBN failed its high @ 31.70 and dropped to 26.50..HOLLA
They fell apart as the charts had suggested...
Even though the rally would have you believe things are OK
they certainly don't feel that way..
Let's see how this thing plays out..
By the way, GGP reports earnings on MONDAY..
I'm still in the bear camp..
I'm reading two geat books that are foundational and have been enlightening..
Another was a quick entertainment read but still informative nonetheless..
TECHNICAL ANALYSIS OF THE FINANCIAL MARKETS , JOHN MURPHY
FORECASTING FINANCIAL MARKETS , TONY PLUMMER 4TH EDITION
THE TRADERS, SONNY KLEINFELD