A Great Day! (for the bulls......)
Will wonders never cease? Take a look at the Dow Transports ($TRAN). Up well over 3%, fueled in large part by EXPD, which itself was up nearly 20%. And the Dow Jones Composite had a.......
Ugh! I guess this bull isn't so wimpy after all!
A strong retail report sent stocks solidly higher. And the ever-strong sectors stayed strong - - oil.....gold.......copper.
I was taking a look at some long term (multi-decade) charts of gold and silver. They are worth a glance. Take a look at the Fibonacci levels, and notice how both markets are coming right up against resistance. Worth noting, since these metals have been on a trip straight to the moon for quite a while. Here's gold......
....and silver......
2 comments:
Markets do what they have to. The question is, what do you do when they do.
From a previous post, you mentioned you are short 25 positions. How many have stopped out, how many met your targets how many did you square off?
Communist? China is Communist? Since when? The government might be "declared" Communist but China - China never was, never will be, never happen. The "poor" Chinese - before the European learned how to wipe his butt indeed probably before he even crawled out of his stinking cave the Chinese were washing their hands before they ate their meals. The Europeans brought "occidental values" to the Chinese and the Chinese taught them how to be civilized.
The world has always placed a lot of weight on the Chinese shoulders and, fortunately for the world, they have been able to bear it. (In their own interests, of course).
Poor Chinese indeed. And in case you are wondering - I am American of European descent.
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