What I'm Thinking

Equities are rallying. The "consensus" resistance levels are 720 for Russell 2,000, 1400 - 1406 for the S&P 500, and 13k for the Dow. If they are able to break those, rally a little bit more to close above their 200 day MA's I must admit that this is a true rally. Until then I still deem it a counter-trend rally.