Market Update

With no economic reports scheduled for release today, Stocks will likely continue their role in leading Bond prices. Apple, Inc. reported a huge 67% increase in quarterly profits on strong sales of their new iPhones and iPods, as well as their Mac computers. This news is moving Stocks higher this morning, which in turn is taking some steam out of Bonds.
Whether Stocks are able to hold their gains remains to be seen. Therefore, I am still recommending to cautiously float today, as Bonds are trading just between a floor of support and a ceiling of resistance.