* Markets are continuing to grind up as we have seen still "buying dip" even though markets are very overbought. I listed several reasons for markets would pull back; however, we have seen it materialized yet. As noted before, we do not have a confirmation of breaking the recent uptrend line. It would be great if our lost wealth could be recovered as markets recover.* Who are winning? Those who are sitting on markets doing nothing as markets are continuing to grind up.
* Who are losing? Those who are scared and exited markets at the recent low. Those wh are short. Certainly, lazy holding positions are still winning in the market. ** No confirmation of a trend break yet even though markets closed at Intermediate Resistances after reaching to the progreassive targets of: Qs 35, SPX 908, DOW 8450, and Nasdaq 1750.
No comments:
Post a Comment