Loading ...Two Conflicting Calls
For the last couple of months I have been predicting that the DJIA would reach 30,000 by the election. Then more recently I thought a sharp short term selloff was coming because of the VIX. The short term selloff call is wrong. The market is going to scream higher to 30,000 on the DJ. I still think the FAANGS won’t exceed their highs but they may get close.
There won’t be a scream higher, IMHO.
How many days between now and the election? 4 weeks?
What makes you so sure the Dems bag of tricks is empty?
Market action and the charts. DJIA stocks are rocketing higher.
A print above 28250 was being watched out for, but today it reached 28354, and now 555 points below intra day high.
What is rocketing higher?
Not today, between now and the election.
Even with stimulus talks off the table, for now? Who could’ve seen that coming?