Stocks (ES futures; occur chart) convey broken inward a higher house their 10/29 in addition to 11/5 highs but about 1064, every bit good every bit their 10/27 in addition to 11/6 highs but about 1070. Those are the levels nosotros ask to encounter concur for an onslaught on the bull highs. Thus far, we're seeing iii markets merchandise relatively inward tandem: stocks, U.S. of A. dollar (Aussie vs. U.S. of A. dollar; bottom chart), in addition to gold.
Thanks to David Korn for linking this article on the bucking bronco stock market. It nicely captures how the marketplace lay has been able to rising significantly without a pregnant expansion of bullish sentiment. It likewise helps explicate why it has been hard for active traders in addition to investors to ride the upward motility since March.
I convey posted daily in addition to weekly net income targets via Twitter, along amongst the latest marketplace lay indicator readings. I update those each morn earlier the open; interested readers tin subscribe to the Twitter feed hither costless of charge.
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