Dow & S&P 500 closed green 3 days in a row......an unusual event in a long time....
Markets are giving signal that old theories MAY not work anymore......
Too many investors/traders believe that we are going LOWER based on Bull/Bear ratios.....it is becoming a CONTRARY indicator......
If we close GREEN on Wed...all participant of this market will feel lot better @ thanksgiving time...which will build CONFIDENCE....
ETF is a great way to participate in the UP move based on your sector preference......
US$ continues to go down ...which IS also a BULLISH sign as FEAR is going away from Stocks & RISK taking is coming back in vogue...
VIX is also retreating to 60.9% or Down 5.87% on a MINOR UP .66% on S&P 500 move today...
Lot of BULLISH signals appearing from nowhere.....sign of very good things to come !!!!
BLOG does NOT give buy or sell.
Saleem
2 comments:
ALL
This should be a low volume day
Lots of jittery prices
It looks like a week start could close in the green-
Happy Thanksgiving to all
Hi Carlton,
Close is what matters.
Saleem
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