If the FOMC with its magic money machine can't stop pumping in great times, that should tell you everything. This Covid stuff is the best cover ever. They can and will print till the US Dollar is worthless.
Selloff....what selloff. Sorry folks they won't allow a selloff. Hold your nose and buy or stand aside. Everything is rising even used car prices. This has never happened. What was once a deprecating asset is now an appreciating one.
So 1 out 4 is a wi iiiiiining green yesterday? Batting .250 is middling in MLB. The {stock} world is more than just 30. Amateurs and Cramsky tv clowns talk of the Dow as all there is. S&P, Nasdaq and Russell were all still in the red at the close.
FLMAO Red is the new green, had it wackbards the other day trying to make the same point but a pic (that you posted above) is worth a 1000 garbled words. Guess r-man doesn't know that something like 60% of gaps get filled on the same day - even on day the trend continues. Best not to say anything at all until gap fills, resume prior trend ... or runs the other way.
R-man also doesn't understand that used car prices are increasing because of a chip shortage. Thus, lack of available new cars means people are buying more used cars, just to be able to get a decent car. Increase in demand = increase in price. It's that simple. It has nothing to do with the Fed.
I was expecting a green close. But I forgot about monthly option expiry day. It's like being in an octagon-shaped pit.