And thus the stars aligned and the green light went on.

  • S&P +9pts to 1983
  • Dow +50pts to 17111
  • Nasdaq +22pts to 4438

US 10 year yields 2.55% +1bp

A big test will be whether stocks can maintain the gains and push higher or whether they fade again. The S&P is still finding it hard to break the all time high but I get the feeling the pressure is building below.

S&P daily 16 07 2014

S&P daily 16 07 2014