The market closed the week at a new all-time high and there is no sign of slowing down. If anything, I think we might see a period of extreme bullishness given the vaccine progress (I got mine yesterday) and talk about national infrastructure projects. And if a world-wide pandemic, deep recession and a unhinged President didn't do much to cause an extended bear market, I doubt anything at this point will. Maybe in a few months we will see a big correction but it seems we are headed for a period of extremes. I really didn't want to add to positions but I am going to use dips and TA signals to make the most out of this market by putting into work some of the cash. I have a good amount just sitting there doing nothing so I might as well. I tried buying real estate too but it is ridiculous now to be a buyer so I am not going to even bother at this point.
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
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