The S&P 500 is up over 6% since mid April, but this advance has been about as boring as they get. Note that this key benchmark has not moved more than 1% since April 16th (hat tip crossingwallstreet.com). The old Wall Street adage, "never short a dull market", is clearly working here. Chartists can mark first support at the mid April trend line and mid July low (call it 1950).
Click this image for a live, and boring, chart.
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