It’s been a long time since the market truly went higher. Despite seeing futures up 225 and oil up more than 5%, I am sure the weak jawed bulls will somehow muck up today’s rally. Nevertheless, the ground is set for a huge 100 NASDAQ day.
Bearish sentiment was so high, long term bears in the comments section were so glib, you just knew today’s eventuality would materialize, sooner rather than later.
Even so, I will use the lift to reduce my SPY exposure, selling out of another tranche of my SPY.
Would I chase this rally on the open?
Recent trends dictate opening lifts should be sold, not bought.
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Going to rip today.
Going to rip Monday.
There’s at least 5% of immediate upside here.
Highly dependent on china & oil – Possible expansion of JPY QE next week could be the switch we need to squeeze higher.
My face ripping standard are slightly higher. For those stuck in the snow here is your next car:
https://www.youtube.com/watch?v=9lOaxQu5PgQ
Thanks for that video. Awesome.
Okay, I withdraw my snarky comment. This’il do for face ripping. Glad you liked it INFINITEZUUL.
Fun video. Somebody needs to start selling and renting those trucks right away.
Fade…
You…
Rolled my gas position over to biotech. Flash PMI came in higher than expected. That’s a good sign and we should rally for an additional one or three days.