donald: My "End of Day" trading indicators show the DJIA up momentum higher than my data goes back. And, after today the SPX should be also, barring a decline. Both are above their respective 200 day SMA. One heck of a bounce.
If you are correct regarding the SPX PEs, most concerning! Although the TRAN and the RUT are racing up, they both are somewhat below their respective 200 day SMA. Far from a test of their old highs.
If one is taking advantage of this run up, great, I am. However, I would not get married to any long position, yet! Trail those stop loss points.
Caution is a word, I think about more often, lately!
BWDIK
Regards,
LG |
