This rally was quite homo-esque. It was as offensive to look at as a gay pride parade, and more garish. Fade it.
We'll be down a thousand points next week to do today's display of disgust. Followed by the fact that the stimulus ain't stimulating anything. Damage is dome. U. S. Equity markets shall not rise.
Do you even trade at all? How can you be so bullish all the time. What aspect of fundamentals makes you think everything will be rosier in the next 6 months. Do you think we will regain ~3 million jobs overnight? Do you think consumers will change their mentality overnight? When was the last time you got a reasonable credit card offer in the mail? And if your strictly a technician, I don't see anything that particularly screams BUY! BUY! Don't be fooled by this mini rallies. They're trade opportunities...nothing more. Here's a thought....How bullish will you be when BAC goes to Zero? Or do you think the capital ingested will carry them over? Please!!! One way to make money in this environment: BUY DIPS.....SELL RIPS (Especially ETF's) Reasoning: We are currently trading in a range with a slightly downward trend. So be cautious of the dips..the range could expand to the downside.