Happy Tuesday, everyone.
I was bracing myself for this morning. Let’s face it, with the Dow losing nearly 2,000 points in a matter of days, a vicious counter-trend rally was bound to happen. And, indeed, the market opened up quite strong.
However, the damage to my incredibly short portfolio wasn’t too bad. Down 1%. And then it started healing. And, as I type this, the ES and NQ are still up huge, but my champs are profitable! So hurrah for good stock picks, amiright? Thank YOU, SlopeCharts!
Anyway, I think we are in an ADVANTAGE: BEARS type situation now and there is a heroic wall of overhead supply on every blessed index there is. Added to which, Bonds and Gold continue to do GREAT, and my bullishness on them is unabated.
So, for your viewing pleasure, here are the indexes (and, in case you missed it the first seventy five thousand times I mentioned it, you can view these gallery style; just click on one and you’ll see).