sp'daily5
Summary
Well, we look set to close the day at least somewhat higher.
The big issue is whether last Thursday was a key low..setting up 2-4 weeks of upside - forming a large H/S formation for the R2K.
Regardless...at least in the near term.., the trend remains.UP.
*I will hold moderate long overnight, but am most certainly seeking to lighten up..if R2K 1120s tomorrow morning.
-
3.14pm.. coming up on clown finance TV... Stan Lee ! ..finally a guest I can respect
meanwhile..the casino looks like we'll indeed melt into the close..sp' 1884/86 or so ..with the 1890s tomorrow.
3.20pm.. something for the gold miner bugs out there...
GDX, daily
Death cross tomorrow..or Wednesday...not exactly bullish!
-
3.36pm.. ohoh, CNBC was good with Mr Lee, but next up.... a doomer bear..due to tout a 25% decline...
and no..I'm not doing media appearances.
3.48pm....melting ..melting...melting...UP
With QE tomorrow...equity bears face the usual problem.
back at the close