A bottom today for a pre summer rally in the stock market that will rip your face off if you are short.(Plunger and anyone else who is, might want to cover by today’s close) Last week I posted that we were likely to see capitulation this week leading to a decent stock market rally. The charts are screaming (temporary) bottom! The best sign would be if we close AT or NEAR,\u00a0 the day’s lows. That could mark this as an “Official Bear Market” which the press will be posting and screaming all over the place. It could be today up until Tuesday, the 31st.\u00a0 That is the window for this temporary bottom which will set us up for a nice summer rally,\u00a0 before the bear market resumes in late summer into the fall.\u00a0 I expect leadership to be quality stocks with good dividends (IBM)and the gold and silver miners (NEM).<\/p>\n","protected":false},"excerpt":{"rendered":"
A bottom today for a pre summer rally in the stock market that will rip your face off if you are short.(Plunger and anyone else who is, might want to cover by today’s close) Last week I posted that we … Continue reading