Short Celebration

It seems expiration took the market down too much and we had a bounce back today. Unfortunately for the bulls the gains have been taken back in after hours and then some. With the market still overbought the trick for the bulls will be to keep their recent gains until the overbought condition is worked off. It appears they will be challenged tomorrow. Have a good night.

1 comment:

Anonymous said...

I just don't see any reason to go long this market.

I'm kinda surprised we haven't sold off yet. There is just no good news out there.
I'm not sure how low we go? Maybe it's a fair value on the markets?
Or until exhaustion?

I'll guess at least 18-20% lower and in a relatively short manner.