GOOD NEWS, BAD NEWS, NO NEWS. MARKET IS GOING UP AND UP.

Wednesday disappointing economic data couldn’t push lower the markets. US indices traded in a narrow range after the severe rally on Tuesday; markets were taking just a pause yesterday. There is not any event which can hold the bulls. Yesterday all indices doing nothing, but that is a quite a good omen after a great Tuesday rally. The Dow is lagging a bit compared with SP500 or Nasdaq, so it is a good bargain to buy now, there is a nice arbitrage deal.

• Dow 16,360 -36, -0.22% 
• Nasdaq 4,358 +6, +0.14% 
• S&P 500 1,874 +0, +0.00% 

If the market is doing anything means more than doing something. Yesterday was that kind of typical template of that. Let’s focus on Friday data which will give us clear indication about the bullishness pace. We are going to have Non-Farm Employment, Trade Balance and Unemployment Rate. Yes, only the pace is the question because that is pretty sure the SP500 will hit the 1,900, the only question is when.

TheBFM Assets Team.