This is good to know, but if we cross below 137, I will sell, even if it is a nice stock to own.
Regarding todays' accumulation, I am a little bit puzzled:
A. Is it the usual "bad news is good news" or
B. does it means that the market can sail higher without either the Fed marketing or the POMO operations.
I believe that the bad retail news of today is the reason for the buying spree. The US$ is down because Yellen will need to print a lot more because the US economy is doing worst than expected. This is what today's market is telling us.
Better invest these depreciating US$.
Today might be the start of a real inflationary push. This could be what gold is telling us.
Pascal