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Although the equity futures such as the /NQ are continuing in their directionless, meandering, maddening drift, day after day………

……..at least the one asset which I am enthusiastically bullish is having a great morning: palladium. Below are the /PA futures, which as of this moment are up more than 5%

This is important, because palladium was getting pretty mushy over the past week, slipping yesterday to the approximately $1100 support point. That held, however, and it is having its best rally in months.

Long-term, by way of the regrettably-thinly-traded PALL, we continue to hammer out what could ultimately be a very important base, similar to what we’ve seen in the past.

This victory notwithstanding, I’ll continue to grit my teeth with the irksome equity market.

I’m going to get a nice, swift kick in the teeth at the open when I get stopped out of my DAL short (luckily not too big, but it still stings), but otherwise it’s a decent morning. All I can say is that the /NQ, which has ascended thousands upon thousands of points over the past few months, has got to weaken at SOME point……….right…………..right?

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