Let’s see how
effects on the indexes. My bet is that makes a bitchoppy, but pushes up
to upside. The bottom line is that all US indexes closed
last week at new all-time highs. The Russel new historical record shows how
broad and deep the positive sentiment on US markets.
Technically
the S&P500 made last week a breakout at 1670 and stays steadily above this
level, so might be couple of consolidation day and try to backtest the
1670 level. But generally the bulls are ruling the market. And, what we
should do on the bull market - BUY IT AND DON’T SELL IT.
My only
concern is the macro effect. I know we have seen this pattern continuously in
the last four years couple of time, but it makes sense how
big is the gap between the reality and market performance. My question is to
you, if everything is great why Bernanke needs to save US each month? Basically
the US economy second worstperforming macro-economy of the year between
the majors. This chart shows obviously the fact on macros, (chart by Zerohedge)
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