The GOLD/SILVER trade got very noisy past couple days….and very extended…thus…rest time? The dollar is also very extended to the downside.
Growth now mostly basing after good run. The good news: hardly any names have broke below the 50 day average.
Crappy earnings still get bought. We mean crappy.
Fed two day meeting…blah blah easy money. Blah blah rig and manipulate markets. Blah blah screw savers.
DO NOT FORGET…EARNINGS SEASON.
Market broadens out. Areas like housing/housing-related, medical products, economically-sensitive show up on screens.
Gold/silver remain strong…just extended. Look for settling down and another entry.
Financials, for the most part, no oomph. Off floor but still no oomph. Maybe soon.
Oils…a little better. Some things look to be bottoming.
Tech finally slowing down. Most names resting past couple weeks. Wouldn’t mind a few more weeks to build new bases.
Sentiment is the problem but sentiment is not pinpoint. Too many secondaries. Too many IPOs with bar lowered. Any crappy company mentioning vaccine gets moving. But no trouble just yet.