The key is to always keep your eyes on the goal rather than optimizing the means of achieving it.

Retail spending in China is said to be up 15%.  Meanwhile, a report tells us that China is stepping up its purchases of U.S. Treasury debt.

Although Deron Wagner still anticipates the major indices to retrace down to their 50-day moving averages in the short-term, it would not be totally shocking if stocks attempted to break out above their recent highs first.

Tim Bourquin interviews private trader David Buffalo about how he uses Fibonacci ratios to establish price levels.  Listen to the whole interview.

The indices saved the day with a late rush, but with a half hour to go they were unchanged on the session and vacillating back and forth.