The stock market indices opened with a big boom today. A gap to the upside ran nicely in the morning on Nasdaq 100, but the S&P 500 backed off of it in a falling wedge.
Copper, as viewed on the daily globex chart, has emerged from its October-January sideways congestion area, leaving behind a base-like structure that has the potential to propel prices above key resistance.
Buyers have continued to hold up the bid on virtually every pullback recently, new leadership stocks continue to emerge, and Deron Wagner's bullish conviction remains intact.
News has been generally "good" ever since the European Central Bank made it clear that it will print money rather than see major banks or minor nations get what is coming to them.
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