Well, I guess we might as well get used to it. No matter what news transpires, the market just goes whoosh every single day. Here we are on the /ES, blasting to the 45th lifetime high of 2024.
My positions are actually holding their own all right, and I’m up slightly for the day in spite of the ceaseless onslaught. Nike, for example, is slowly slipping below its completed triangle top.
Chinese stock PDD maintains its space beneath the gap, as the flurry of press conferences from China’s Ministry of Finance didn’t amount to much.
And Lumen continues to ease below its absolute mountain of a top.
I’ve got to say, the last thin reed of bearish hopes, the /NQ, was busted this morning (and it was a VERY thin reed). Unless we fail back below this line in short order, it’s probably just going to be a bullgasm for months to come, until reality can no longer be denied.
