While we are still off the mid-September highs, the market has been moving back up for last 6 straight days. Futures indicate a slightly higher open today. Also, Intel and Johnson and Johnson report earnings today; we will have to see what the impact will be.
Junk bonds continue their low volatility uptrend. Muni bonds have been giving back a little of their previous months gain; I am looking for a possible buying opportunity.
We continue to use 50 day moving average stops to protect our positions.