State of the Market

The market continues to rally as the Fed lowers key lending rates.
Rate cuts are having a negative effect on US bonds relative to foreign ones.
Up volume significantly outweighed down volume, continuing the bullish theme.
More stocks are trading above their 50dma on lower volatility.
New highs are becoming more prevalent as this index makes a new X.
The oddest thing about today’s action was LOWER treasury yields… What The Fuck?!?

The action in Treasuries is mystifying, but it isn’t stopping me from trading gold and silver related stocks. The USD has been getting trashed, and while I expect a few bounces, the writing is on the wall. We’re still in high risk territory, and the whipsaws will continue, but I’m buying the dip in the strongest sectors.