IWM, daily
Dow
SP'daily5
Trans
Summary
What to say, other than 'I remain tired of this sick and nasty market'.
But then, the Transports gave the very clear warning in mid-December, and hell, even I bailed on Dec'31st..but have re-shorted from what is now a very long way down. Burnt..again. Urghh.
It remains a fiercely bullish market
More than anything, you can see the accelerated trends on the Dow/SP - which followed the acceleration seen in the Trans/Rus'2000. The Nasdaq (not shown) remains a laggard, but then that is clawing higher.
What is clear, there is NO sign of any turn or levelling phase.
It remains the case the bulls could sustain a wave lower all the way down to the sp'1460/50 area, and it'd do ZERO damage to the current strong upward trend.
Anyone who seriously thinks there is a chance we'll be trading <sp'1400 this quarter, should just set fire to their money..and save themselves some time.
A little more later.