Stocks are really extended here, but a truism about the market is that an extended condition can last much longer than seems reasonable. The bullish case is this:
Stocks and indices continue to consolidate near the top of their ranges, response to the Fed was relatively positive yesterday, and sentiment continues to betray a level of too much distrust.
As long as these positives remain in place, it pays to stay bullish with tight stops.
No comments:
Post a Comment