The "hundred mark"... ... They call it "par". Par 29 ...its not too far. Stops will fire The bogey's come... Give up Izz... Your bear is done.
Market flipped bear to bull at the close 1/4/2019 and has not had a lower high since. But some are a bit slow to let go of their beliefs.
Outraday sell signal still in effect here and we have had a decent sell signal intraday just now. I continue with short bias.
Looking down the road, we've already had a great 2019. Trump and company are going to want a market crescendo in 2020. Thats gonna take some real earnings firepower from here. I think we are going to consolidate at these levels for awhile. Let the economy do its thing. Let the spring coil a bit. Oil will stay high but not too high, then pullback to the low $50's in 2020 to give the consumer some "feel good" buying power yet high enough to keep the domestic sector alive and well. That's one thing Trump has some power over... all his Saudi buddies and all. I think he can move oil at will. Thats my guess for now anyway. We'll see.