Good morning, happy Friday to ya, and the UPTREND RESUMES! Seems our chronically sideways stock market has finally seeped up into a new high forcing us to admit that we've been clearly in an uptrend. For decades this has historically it signaled a buying opportunity, though for all of this past year they've been false and contrary market timing's ruled. Humph.
Just the same, these sideways/false-sigs are still uptrending (futures +0.17%), not like metals that have been sideways/downtrending: gold'n'silver now @ $1,193.4 and $15.92 w/ futures negative. Durable goods orders posted in a half hour.
News:
Nasdaq hits a new all-time high San Jose Mercury News - 5:02am With the Nasdaq on Thursday breaking its former record high close set in the dot-com days of 2000, here's one thing to remember: That was then, and this is now.China, Japan stocks fall on data, Nasdaq boosts some markets TriCities.com - 3 hours ago Market data is displayed on the screens at the Nasdaq MarketSite in New York, Thursday, April 23, 2015. The Nasdaq composite has closed at a record high for the first time since the dot-com bubble of 2000.Doomsayers Were Wrong About BP Spill - Steve Moore & Joel Griffith, NRPatience running short in Greek bailout negotiations MarketWatch - 4 hours ago RIGA, Latvia - Eurozone finance ministers urged Greece to move faster in presenting its overhaul plans Friday, as some of them expressed annoyance with the lack of progress in bailout negotiations.
Have We Seen the End of 8-Hour Work Day? - Nathan Schneider, Nation
Saudi Arabia Intends to Pump Even More Crude - Grant Smith, Bloomberg