One thing that is happening today which tends to suggest we will get more upside out of this current leg up (I sold 25% of my longs yesterday and continue to hold the rest) is the improvement on the 5 min charts, this effectively lengthens the duration of the bounce.
The DIA is now in line with the price trend.
The Q's have gained ground today on the 5 min charts.
So has the SPY.
This is good for our long positions, despite whatever may happen intraday.
Is interest rates about to start going up?
-
Yes, I know - it does not make any sense - FED is about to cut
rates...but....real world interest rates are not always what FED wants it
to be.
5 years ago
No comments:
Post a Comment