It seemed after the sell off week that the traders are just sitting on their hands and staying sidelines until yesterday. But finally the market erupted and turned everything green, all indices got closer again their pervious historical tops or closed at new records. As it was expected the trading was super quiet before the FED announcement. Stocks continued to strengthen as Yellen’s speaks, and the S&P 500 was on pace for a record close.
- S&P 500 +0.8% to new record close around 1957
- Dow +0.6%
- Nasdaq +0.6%
- Russell 2000 +0.6%
This is a great chart how the big guys think about the market, it tells exactly that there is no consensus in the sentiment that is a good sign for more bulls. That will be the end of rally when they would be agreed on everything. Anyway, our forecast or bet by the end of 2014 is 2,050.
The BFM Assets Team.
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