paulyberndt
Long

Monthly SPY BULLISH

AMEX:SPY   SPDR S&P 500
133 5 0
The SPY             continues to show strength with a
bullish engulfing candle last month and now
a transition of the Awesome Oscillator turning
green and trading in the zone, both AC and Awesome Oscillator
now green. From a trade perspective following the rules one would add
more capital 2 ticks above this months high and then wait to see if that
higher level is taken out with your stop at the Alligators teeth- red line..
With Central Bank policies dovish I continue to see
this going higher
march hasnt ended...
Reply
True, but things look strong as Tech goes/ leads us higher too. what are your thoughts long term?
Reply
2use paulyberndt
Correction to lose some steam. I dont see a reason to be so euphoric, and i see a slight possible run in gold, tops on many other indexes over the world. So if it happens, it would be a healthy, nicely orchestrated burst to lose some steam. I don't like too much confidence in markets
Reply
possible but the charts are not showing it currently. With the DOW, SP, and DAX paying a better dividend than central banks pay in bonds I subscribe to the theory that it will take a Central bank action to jar this thing into a massive correction or major downtrend. Moreover money is going to flow where it gets its best return.
Reply
2use paulyberndt
It is kinda scary to flow the money now into markets when they are inflated and not deflated
Reply
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