Sorry for the long term absence. It was a lot easier for me to be diligent about writing when I had time to sit at Starbucks as this was part of the routine. But since the corona virus hit, my schedule has completely changed and so have my habits. Hopefully, things will be getting back to normal in the next two or three months and I will be back enjoying my routine like old times.
Anyway, this is a market fueled by mania(and low interest rates) at the moment. I originally thought we would revisit last year's low but it seems this will go on for as long as stimulus and interest rates supports it. I have to say that despite the fact that I do believe waves evolve in patterns, these multi-year patterns are simply impossible to predict and fundamental analysis in combination with trend-trading is far more effective. So yes, the market will top eventually, when I have no idea. All I can say is that the trends supports higher highs, especially when the TA is bullish.
I continue to hoard cash and I am looking for investments that make sense. But until I see an opportunity, I am happy just waiting. I've tried buying real estate too recently but it's the same problem too. Low interest rates has created mania/desperation. I just wonder how and when will this end as it's been now 12 years of the same.
Short Term Trend = Bullish
Medium Term Trend = Bullish
For detailed wave analysis visit http://ewaveanalytics.com
* Trends are not trading signals. Trends are posted for situational awareness only and do not take into account wave counts, technical or fundamental conditions of the market. While mechanically trading the posted trends is feasible, keep in mind that these are lagging indicators and as such are prone to whipsaws and I personally do not use nor recommend them to initiate or close positions in the market without taking into consideration other factors