Market Wants To Go Higher

I believe the market wants to go higher as we have had bad news all week yet the market has still ended the week higher. Europe is an issue as it seemingly goes down 5% a day. If Europe can hold itself together than I believe the market will rally next week as we head into Labor Day. Have a great weekend.

2 comments:

Anonymous said...

Sounds like it's been harder to make money long.  Does that mean we are in a bear market

Tsachy Mishal said...

I don't know if we are in a bear market but even in bear markets there are intermediate term rallies that last about six weeks. My guess is that we are in a range and we are making a move from the lower to higher end.