Morning Market Squeeze 7/17 - Disconnect Schmisconnect

Look, I get it. None of this makes any sense! We all see it. Businesses shuttering, friends and family losing their jobs, and yet the major indices remain buoyant near their post-crisis highs.

This business is not for the weakhearted, so we must play the hand that price action (notice I didn't say "the market") is giving us. Right now, the momentum behind the price action of the benchmark, cap-weighted index (the S&P 500) is telling us to respect the potential for further price gains. Today's report digs deep into the probabilities and distributions associated with the current momentum backdrop.

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