What is the final mental hurdle to get everything back toward normal? A vaccine! Gilead’s indication they are getting closer to a viable vaccine now allows investors to continue to project what will happen on the other side. Today’s bullish trading, if the markets close at the high end of their trading range, will produce trend kicker signals. This would imply investor sentiment is very strong, more upside. Stay long. Numerous fry pan bottom breakouts are occurring. The 50 day and 200 day moving averages are being breached to the upside, producing additional bullish confidence. Utilize the strong pattern breakouts during this uptrend.
April 29th Daily Market Comments
What is the final mental hurdle to get everything back toward normal? A vaccine! Gilead’s indication they are getting closer to a viable vaccine now allows investors to continue to project what will happen on the other side. Today’s bullish trading, if the markets close at the high end of their trading range, will produce trend kicker signals. This would imply investor sentiment is very strong, more upside. Stay long. Numerous fry pan bottom breakouts are occurring. The 50 day and 200 day moving averages are being breached to the upside, producing additional bullish confidence. Utilize the strong pattern breakouts during this uptrend.