Stocks Going Higher
I don’t have any strong feelings one way or the other for the general stock market for the whole of 2023. Unlike last year when I was a growling bear, especially for the NASDAQ 100, I am a roaring bull for gold and silver miners but agnostic about the general stock market. However, the charts and the price action is saying that stocks want to go higher from here. I don’t know for how long or to what extent but they should be higher for the week and probably a while further. Today, if it weren’t for the smash down of Goldman Sachs (GS) the market would be higher. Most everything else, except the miners are.
The last 2 days it appears the market has put in a nice little reversal top on the 5 min chart
https://www.tradingview.com/chart/45gIFMCT/?symbol=NASDAQ%3AAAPL
Sorry that’s a chart of AAPL… I can’t post the chart I wanted