3/23/2026
After four weeks of negative closes, a vigorous snap bakc rally occurred today. It reached INDU 1,000 but settled lower by day's end. such rallies are spectacular and assure the bulls the long term rally is intact.
Today's rally see far right, kissed the lower boundary but did not close over it. INDU and SPX did not come as far. The news was more dithering by Trump on Iran. No doubt those running in November are screaming for an end to this and he seems to be giving them that. A mistake as the WSJ pointed out today but...
the rally may extend another day or two before the decline resumes.
The pullback in PSQ was not remarkable.
Bond yields pulled back modestly the target reamains 5.02%.
Gold and silver may have had an exhaustion selling climax, we shall see, as mentioned these are barely trade able markets
More tomorrow
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