Tuesday, February 26, 2019

Going Higher?

She's so high
Like Cleopatra, Joan of Arc
Or Aphrodite
--Tal Bachman

Despite the twisty stochastics and resistance directly overhead, the major indexes trade great. Dips have been shallow and quickly bought. A money trade has been buying in the morning for the daily rise.


A pullback here after the run off the Xmas Eve lows (we're nearly 20% higher since then) seems intuitive. It may also be a healthy thing for the bulls. But they sure trade like they want to go higher.

btw, all time high for the SPX resides just a couple percent higher at about 2925.

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