The Dow has gapped up again, trading well above the T-line. The S&P 500 is forming a bullish flutter kicker signal. The NASDAQ is trying to push through the T-line. Why are the indexes sold bullish? The theories are rampant, a Biden win would create a lot of economic stimulus, a Trump win! It doesn’t matter, whatever the reasons, observe the obvious, the bulls are buying. Continue to cover short positions that are showing buying/basing indications. Long positions opportunities are expanding, be ready to buy.
November 3rd Daily Market Comments
The Dow has gapped up again, trading well above the T-line. The S&P 500 is forming a bullish flutter kicker signal. The NASDAQ is trying to push through the T-line. Why are the indexes sold bullish? The theories are rampant, a Biden win would create a lot of economic stimulus, a Trump win! It doesn’t matter, whatever the reasons, observe the obvious, the bulls are buying. Continue to cover short positions that are showing buying/basing indications. Long positions opportunities are expanding, be ready to buy.