Pay no mind to Friday’s selloff, since news of an uptick in unemployment will not likely have affected the delusional thinking that has powered stocks higher for the last 28 months. On Friday, many subscribers were on hand when we caught the beginning of the turnaround during an impromptu webinar. We can do it again, for sure, but there were no easy opportunities as the session drew to a close. Stay tuned, since a still-viable target at 1382.25 is likely to provide more chances to leverage the upside. _______ UPDATE (11:55 p.m.): The Sunday Night Sleazeballs have done what they do nearly every Sunday night — i.e., take the index futures down far enough to exhaust sellers, the better to run stocks higher on near-zero volume ahead of Monday’s opening. It’s hard to say how the gathering storm over Rome might affect U.S. shares, but so far tonight the low of the shakedown has been 2.50 points above the nearest midpoint support. It lies at 1329.75, and a decisive breach would augur more slippage to at least 1317.25.
