Didn't have much time to look at stocks lately... but based on today's trading November 17, it looks like the SPY is hitting along resistance with little will to break through the 111 resistance band. Similarly the dollar appears to have hit support, and is at least ready to rally a bit before a resumption of the downtrend. Combined with the fact that oil is hitting resistance, and gold appears to need to take a breather, it looks probable that we'll have a small decline very shortly. Perhaps tommorow's jobless claims numbers would be an excuse to take some profits... A brief pullback of the SPY to 107 or 108 wouldn't be surprising, as long as trading remains above the ascending yellow trend line.
But definitely in the mid to longer term, there's no stopping this raging bull market... all that printed money sloshing around out there needs a home, and as long as the dollar declines in a controlled fashion, the illusion of a healthy economy can continue. In the even longer term, well we'll leave that to another day... no need to worry about things that may happen a year from now, but if you followed my blog long enough, you know what I think will happen.
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