Expect Upward Drift to Continue This Week

It seems almost too pat to expect this week to deliver more-of-the-same, but that’s what I’m expecting: a lazy, upward drift in the broad averages, with minimal movement in issues that dawdled. We’ve got some positions on in any case, including the bull leg of a TLT call spread that still needs to be capped with some short calls that will reduce position risk to zero. Check the tout update for explicit details.