Well, the bulls are pushing the bear ETF's and ultras into potential reverse split territory. Really didn't expect some of the bear support levels to start cracking. Going into Friday's close will be most interesting. Popcorn and Turkey Day leftovers will be standing by. edited: Sooner or later UUP and SVXY will reset. It's just the nature of the beast.
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the small caps russell 2000 index is looking for its 13th consecutive up day today ... it would be the first time we've seen that happen since going all the way back to 1996!
interesting ... yesterday's record closes for the small caps russ 2k, dow30, naz comp, cash s&p and s&p 400 midcap was the first time we saw all 5 of them close at ATHs together at the same time since new year's eve of 1999 ... and we've only seen that occurrence happen 47 times total in history
also interesting is that the cash s&p has yet to violate the prior days lows for 12 consecutive days ... i can't find an instance like that on the daily chart going back at least 2 years ...
On the one had Im really glad to see the market accept the Trump win like this, but on the other hand I think this market is being overly bullish without knowing everything that is coming down the pipe!
Yeah, definitely feel like the market is too bullish, it is pricing in the best scenario for things like fiscal stimulus and banking deregulation. I think we see a pullback when companies announce their guidances next January, higher interest rates and the dollar could be a big headwind for some companies
Maybe the Russell can break the new record this time 16 day winning streak would be the new record I believe not totally sure though
atvi getting thumped! T and O getting huge bids. my TWLO play up, looks like i got in at a good entry last week.
ATVI getting thumped no doubt because I sold a put on them on Friday November has been a tough month for them but they are a quality stock.
I think you see a pull in over the next week or 2 and then a Rip Rally into the YE. And yes you will hear the Bears growling 1% from the highs Tomorrow.
I'm pretty darn short right now. If we continue to go up through Friday, I plan to get even shorter. This could get ugly for my account.
World markets and pre-market picture below at this time. I'm sure we'll have a better picture before market open, but I'm finishing up some work and then headed home. Good luck in the markets tomorrow (today).
hmm, LABU looking really weak, down another 6% premarket. either people just taking profits or biotechs are not going to be part of the trump rally into year end
