Honing In on Metals

A very poor durable jobs number is being overlooked as consumer confidence and Richmond Fed numbers come in much better than expected. I'm not sure the dip buyers even needed an excuse to buy the weakness, but the sentiment number didn't hurt.

The indices are mildly green and breadth is a bit better than even, which is keeping the bears at bay so far. The tendency of the market lately has been for very strong underlying support but not much upside traction. If a support level, like today's early low, does not hold then we better be quick to be more defensive. But so far there has been no reason at all to bet against those dip buyers....138 more words left in this article. To read them, just click below and try Real Money FREE for 14 days.

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