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90 Days in a Trading Range and Everybody is Bulled Up 1/23/23

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13 minutes ago, WTF said:

This is looking like the last of the dumb money running into the burning building right before the doors closing and the doors being locked from the outside.

Wait.

:huh:

The building is on fire?

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4 minutes ago, Jimi said:

Wait.

:huh:

The building is on fire?

The most speculative stocks leading the markets higher.  Buy here and I suspect you are going to get burned but that is just one man's opinion. 

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😂

isn‘t that idiot Jeremy Siegel from Wharton?

How is that saying? „The road to hell is paved with Harvard schmucks“ Wasn‘t McNamara a Harvard guy? Tried to use „sophisticated“ stuff he learned at Harvard but ended up sending certified idiots to Vietnam, who all died within their first week of service there. Those poor souls from Appalachian mountain villages. Sometimes they had luck and a Sergeant realized quockly that the soldier had an IQ of 40 and protected him by let him work in s kitchen or so and so the poor soul was able to survive.

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5 minutes ago, WTF said:

The most speculative stocks leading the markets higher.  Buy here and I suspect you are going to get burned but that is just one man's opinion. 

Yep. Most shorted stocks drive this thing. Tesla almost exclusivly bought by retail…

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We are at the decision point. Long term indicators are a hair trigger away from confirming a bull market. Stay tuned.

And on that note, from nice Nice France, I bid you bonne nuit et bonne chance. 

Cheerio! 

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SPX closed above the trendline from the January 2022 high which is another confirmation that the bear market low is in. It also broke above 4015. The cup and handle pattern that was formed since the December high has a theoretical target of 4250 using 4015 as the starting level.

20230124_090630.jpg

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