caps, my shift key is no longer working and I've lost my fkeys -g-
so far, it looks like the 9 month cycle has played out, albeit a couple of days early to my dismay.
I think you have to be bullish here short term, until proven otherwise.
I agree that the rate cut is a band-aid, but for now I believe a lot of air has been left out of the balloon and we must go higher. I think the really battered sectors, like airlines, banks and small caps are areas that will be safe to play short term.
We are in overbought territory on the McOscillator, but given the momentum, I would expect several more days to a week, before any short term top comes in.
Put/call ratios and sentiment argue for a bottom. The retest of the neckline at 1500 on the nasdaq and bounce does also. Money managers have lots of cash looking for a place to go.
I prefer to mostly stand aside and do my best to try to time my little xau stocks, which jump around like internet stocks - and with the FED definitely on the easing cycle, the $ will be under pressure, giving commodities and gold a chance. This is what is killing the world economy anyway.
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