“Bull markets are born on pessimism, grow on skepticism, mature on optimism and die on euphoria.” – Sir John Templeton
Remember that we have all the big tech names reporting in this Wednesday/Thursday window. As discussed in out latest outlook video, we have to get through this window of time and see how the market closes the week post these earnings.
No change to our note earlier in the week; keep an eye on bonds and it’s a good time to see some profit taking on stretched usd and crude positions.
Here is a chart of Amazon > not too shabby on the year 😉 As you can imagine, we’re itching to play for a healthy move / back to reality…
As always, there is no substitute for real-time/live action; if you are interested in attending a daily morning call into NY with a more detailed live discussion on all the charts and ideas we highlight/review in the outlook video and here on the blog, you should check out our Daily Webinar Group.