Another trading session, another record close.  This time yesterday I had just put the ribbon on a fabulous article about how the bond market was going to cause a massive correction in stocks.  To be fair the Klingon Stock Exchange in Gamma Quadrant 3 doesn't close for another two hours... so there still is a chance....

All kidding aside, it is amazing what a 1%+ rally for the stock market can do.  Bonds?  What bonds?  Like the parabolic move of the US Dollar and the crash of Crude oil, once stabilization occurs everyone forgets about it.  Today the bond market stabilized.  The pontoons were deployed and the stock market responded with a strong rally.

As I so brilliantly alluded to last night the market is on the cusp, the brink, the precipice, the beginning, the start, the dawning, the kickoff, the embarkation, the inception of a price breakout.

Here is last nights chart: