It seems that the market wants to continue its upward rally. Today’s price action suggests that the shorts are scared to bet on a correction at this level. The bulls continue to pile up on equities as the EURO continue to rise.
Many investors are afraid that China might pursue more tightening measures, but in spite of China’s monetary policy, its economy continue to grow rapidly. This means that the Chinese got it under control.
Inflation may be an issue, but it is helping china to grow rapidly.
I was a buyer of today’s dip, and I think the market is bound to go higher till February or after the end of this earnings season.
Bullish on BAC, LVS, WYNN, X, STD, NFLX, CLF
Let’s make some money.
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