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[diogenes227]

...it is almost scary. 

 

But it is what it is.  I guess the Fed came to save the day...with higher interest rates no less.

 

With a low above a low on the NYMO after five weeks of highs below highs, it appears bears have one more day (tomorrow) to make their presence felt but after that, if the NYSI up, it will be rocket time again. In other words, new highs across the board someday soon (tomorrow, Friday, next week) and probably then some more...

 

Good luck and good trading.

 

P.S. Nice little divergence there on my nifty-50 stock list from 42 sells in February to 38 four days ago (there are 39 on buys now).  Last time had a similar divergence was at the bottom in November.  

 

[OEXCHAOS]

Investing.com has a 2-day total of 100% Bears. The 3-day is 78% Bears. That reads a lot like too many folks fighting the rally. Of course, that can change very quickly, but still...

 

OTOH, we have an Options Oscillator Sell and the volume yesterday in the ES was uninspiring. My thinking is that we're up a bit early today, but perhaps we see another leg down.

 

Mark