The Most Hated Rally Continues
Want to see the market clearly? Take a Twitter break and switch off CNBC. Just look at the actual market. And/or read this.
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Still Moving Up
Despite the increasing bear chorus, markets continue to put in bullish moves. That the West will end up rekt at some point in the future is without doubt, since all empires crumble in the end, but most probably we aren't sailing into a widespread banking crisis, consumer debt crisis, earnings crisis, or any other kind of doomster sandbox in the near future. When managing money you have to play the hand that the market deals you. If the market is moving up, respect that. Down? Respect that.
The larger- and smaller- degree charts we post here daily are exactly the charts we use in staff personal account investing at trading here at Cestrian Capital Research, and we encourage you to factor them into your own work.
Here’s the S&P500 in the larger- and smaller-degree. You can click on the chart headers to open full-page versions of each chart for easier viewing.
Now for our Premium and Pro subscribers, we move on to the Nasdaq, the Dow Jones, and the Russell 2000, all in the larger- and smaller degree.