bustin' out

Now that’s a trend. And so is this. And believe it or not, the Naz is getting ready to make a 5 year high. With the major markets looking so good, why are some people still pessimistic and net short? Why is the put/call ratio still signaling a sell-off? Is this run-up all a result of the fed ending their tightening stance? Many stocks look like they have reversed their downward trends. Despite what the bears say, that this looks like a great setup for the next move down, you gotta stick to your mantra, 'if it’s going up go long, if it’s going down go short'.

Happy weekend.

DJIA 11,960.51

NASDAQ 2,357.29

SP500 1,365.62