Facebook seems to have a very bullish bunch of investors as the stock seems to want to target $100 / share before the end of the year. I'm neutral on the stock and would rather see a good correction and see the true performance on earnings before seeing this stock hit 79+. If the October earnings is good then we'd have a better gauge/reason for a strong rally and well priced levels that would be well deserved post a true correction.
There seems to be large volumes of buys especially after dropping and hitting the 50 day moving average. Over all the markets seems to behave bullish as tho we are in a long term bull market. The feds last stimulus is the month of October. The dollar also seems to be on a tare. The markets bull cycle is year 5 + with a government stimulus in play. I've been bearish, but with the Fed support for this bull market, the market may be saying it has a lot more way to go. Got to watch very carefully and tighten the stop losses.
There seems to be large volumes of buys especially after dropping and hitting the 50 day moving average. Over all the markets seems to behave bullish as tho we are in a long term bull market. The feds last stimulus is the month of October. The dollar also seems to be on a tare. The markets bull cycle is year 5 + with a government stimulus in play. I've been bearish, but with the Fed support for this bull market, the market may be saying it has a lot more way to go. Got to watch very carefully and tighten the stop losses.
