SHORTS are in DEEP trouble because market REFUSE to go down or even CORRECT for more than a day.
There is a very old saying ......
NEVER fight the TAPE............
NEVER fight the FED...........
Feds are in an accommodating mode.......to counter balance the NEGATIVE effect of very WEAK housing..............
Weak housing is also making a DENT in inflation...........
Weak OIL is also helping investors SENTIMENTS..........
Consumers are being HURT by $3++ gasoline prices.....which controls spending....which controls inflation................
Yes ......there will be corrections along the way to DOW 14,000.....but it will be a BULL market by all definition............
It never HURTS to RE-READ the message of the markets...........because it is GOOD for your financial health...............
After hour tape is interesting.........WSSI,HSOA,TFSM,PEIX are strong.
Weak stocks in AH ......KNOT,WFMI.
It will be very nice if we have ....... very strong tape on thursday.
Please do your OWN due diligence.
BLOG does not give buy or sell.
Saleem
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