Rally Caps
Friday was nothing to write home about but breakouts still look great and we should now continue to rally through the fall.
I was looking for a weak market into fall but it’s not here, so I adjust and just react instead of sticking to my “prediction”.
That’s why I try not to predict, rather, react to the action.
It is, what it is, as they say, not what you want it to be.
SPY backed away on Friday but let’s see what Monday brings.
This market looks strong and I am quite heavy into stocks already after several buys.
The week ahead looks to be a fun one, enjoy!
Warren
How did you like this article? Let us know so we can better customize your reading experience.
I feel that we have a little upside from here myself, but give me 2180-85 and i'll close the longs i have (although i'll be long volatility early this week)
Upon hearing Gundlach say that Thursday's close was a juicy short, that's all i need to hear, i'll close out and watch. To get 'rally caps' and a basic daily chart, for me, just lacks the type of market analysis i'm used to getting from TalkMarkets, especially after reading superb analysis from Chris Ciovacco, Doug Short and countless others...
Thanks for sharing