No matter how you cut it, dice it, chop it... the trend remains up. Stocks remain impervious to downside. Every dip is a great buying opportunity.
NOTHING matters in an up trending bull market. It's a mix of momentum, corporate buybacks, and the fact that their remains no where else to put your money.
The Hindenburg Omen in back! The last time we heard about this omen and the pending market crash that is supposed to come with it? At $SPY $155. We are now at $SPY $208. If that doesn't scare you into selling everything and hiding under a rock for the next 20% of $SPY upside, I don't know what will. Hopefully you can sense my sarcasm.
This morning we have the ECB. The market doesn't seem to be expecting much and neither do I.
Here is what I am reading today:
Stock futures are flat to start the day. $AAPL started the day sharply lower, but spent the trading session recovering those losses and popping into positive territory.... a lot like the S&P 500, Nasdaq, and Dow Jones Industrial Average. Lower prices incite a feverish buying frenzy. The trend remains up.
Here is what I am reading this morning:
