Quiet….too quiet

Yesterday, the Ultra Bond hit the recalculating objective on the upside and the Aussie triggered, again, on the down. Natural gas hit the objective higher and gasoline lower. Of the over 40 futures and currencies Hooper tracks, these were the only significant actions.

In the stock universe we saw 20 upside objectives hit against 17 downside. This is an extremely neutral - docile environment given the anticipatory advertised tone. We're keeping an ear out for the media to finally acknowledge there's been less going on than they'd "hyped" for. The movement should follow shortly after.

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