JUST A HEADS UP

I was just reviewing my daily spreadsheets and I noticed that today is the first in quite a while where the NAZ has led the markets. That could be a preview of coming attractions and if the NAZ continues to lead it will probably mean that all markets are going to follow it higher.

The other day I mentioned that the SPX was trading in a very narrow range and had low volatility. I guess we have all noticed the greater volatility the last two days. That may also be a precursor to higher markets in the near future.