The week started with a great diving, but hasn’t been violated any bullish trend line, so the market is still in uptrend momentum. No question. Yesterday the market erased the whole Monday’s sell off and recovered easily, which shows the strength of the bulls.
- Dow16,396 +228 1.41%
- Nasdaq 4,352 +75 1.75%
- S&P 500 1,874 +28 1.53%
There is a risk appetite sentiment again between the investors. Okay, the volume in Dow was lower with 20-30% than normally, but made the best performing day since 18th December 2013. In Dow all 30 components closed higher, which is a good marker of deep bullish sentiment. Nasdaq closed at the highest level since 2000.
What is it, if it is not a bullish market, don’t believe for the sceptical and crying babies. There is always someone who is complaining about “the market is too expensive” That is a bla-bla. If you are a trend follower, just one simple thing you have to do: BUY and HOLD. It’s that simple. Seems all selloffs are just temporary and give us great opportunities to buy.
The BFM Assets Team.
No comments:
Post a Comment