The center chart is a weekly, we are in a parabolic state. We have risen 8000 Dow points in 13 months.
You people are like Yahooligans watching a final championship soccer match, everyday. Slow down, Have a cup of tea...in England, everything stops for tea.
we've reached a new paradigm of global growth in a low interest rate and low volatility environment.. the future is now.. 20%+ sustained annual return in equity is the new normal
Phone alert that my Daytrade target was hit I see All good! Next target 2845-50 Today/tomorrow ideally
This is unbelievable, how this can continue is mind boggling. To think that fund managers are buying into this is pretty reckless.. Me I can turn on a dime, but not them.
RSI of +93 on DOW weekly is impressive.. but realistically.. the way it's calculated.. the index can just consolidate around a level for some time with no downside and RSI will "correct" towards 50.. AKA no such thing as overbought.. fundamental earnings growth is REAL.. forward P/E estimates are fine and EPS consensus keeps getting revised higher.. market has upside. Beauty is that even if BA/CAT slide.. another sector can start outperforming.. large cap energy has missed out (XOM) is due for a breakout IMO