The fact that the author thinks there is such a thing as a "fake rally" ( whatever that supposably means ) tells part of the story.
lol. INTC down in the up market. why is it that nobody wants such a great company if this bull market is for real? the market would not go down at present, of course, but watch the signs, watch the signs!
Gold's at a new high, so last Thursday's action is no longer a cloud over that market. All clear now, far as I'm concerned.
Flashed by a few minutes ago: NYSE summary: Volume is heavy for this time of day. Breadth is bullish across the board. Advancing Issues: 2434 / Declining Issues: 584 -- for a ratio of 4.2 to 1. Advancing Volume: 478,162,000 / Declining Volume: 109,191,000 -- for a ratio of 4.4 to 1. New 52-Week Highs: 497 / New 52-Week Lows: 23. Nasdaq summary: Volume is very heavy for this time of day. Breadth is bullish across the board. Advancing Issues: 1993 / Declining Issues: 622 -- for a ratio of 3.2 to 1. Advancing Volume: 1,095,979,000 / Declining Volume: 307,345,000 -- for a ratio of 3.6 to 1. New 52-Week Highs: 185 / New 52-Week Lows: 14. Not bad. If we get a big ramp in the last half hour, maybe that will qualify as a blowoff for the short term. Certainly looks like the bears are being panicked.
The market is way up since 1041 when myself and others noted it was a great time to buy technically. The fact that there are laggards like INTC is actually bullish. Buy INTC today at $19 and sell for $23 when it hits. That's 20% return on your money. It won't drop to $15, you can hold it for years limited risk. Maybe 20% is too boring for you let me know your 20% return trade you like instead.