VIX....buy signal on 2-hr, we could get lucky and get a double bottom on the VIX giving us a chance to unload any longs. Lets see traders unload at the open.
NVDA($199.35)....closed in the buyzone, this will move to top of BB40 or $205.54
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What's fueling this is at first it was Trump's policies, then Trump's tax cut passed, then Janet Yellen said "nothing but blue skies", then earnings results are showing a ton of promise, then market insiders said 'in February people will spend more in the economy cause they will have more cash from tax cuts".
It's just interesting times. Who knows when valuations will be deemed overbought. Kevin' system is great I am sure, but without the above going long on XIV would have gotten us applications to serve fries at mcdonalds. in my humble opinion.
And we know even though Yellen said they are raising rates and getting out of the bond
market we can see how they are still manipulating the bond market. Both BND and JNK.
Who else would be buying bonds in this environment. If JNK is being bought it is risk on.
Agree Safetrade, and i subscribe to your 'nobody knows anything" theory, as i have had several supposed experts tell me the SnP would top @ 2705. Breaking resistance again.
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