THE OPEN
Markets are moving on up with the DJIA +440, SPX +49 and NAZ +90.
Strong sectors- ags, oils, shipping, brokers and emerging markets while real estate, metals and banks lag.
NYSE- 2560 net winners;
NAZ- 1860 net winners;
NDX- 97 GREEN;
OEX- 95 GREEN;
VIX- down 8% at/near 64.4;
Up volume 10x down;
Markets are moving on up and I suspect they will for a while - upside targets now at 9500/10000 for the next several days and maybe 12,000 before year end as we approach a seasonally strong time for the markets.
Looking to buy more SSO QLD UWM UYG- but in a bit-
posted by DAVID at
10:34 AM
3 Comments:
David,
Do you anticipate any sort of double bottom in the timeframe between now and end of year or first quarter next year? Also, if not, then maybe after a spring selloff?? Thanks for your opinions...
TW- I am thinking SPX 1,000 will be the sell area for now and a good area to short - but doubt we are going back to 850 on SPX for now.
Thanks, David..kind of what I'm thinking, too..maybe the double bottom is for a selloff that begins next spring?
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