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Short Into This Craziness? No Way! [Rick Ackerman]

Posted by Richard640 @ 13:06 on February 1, 2017  

Posted Wednesday, February 1, at 12:42 a.m. EST

The Dow veered north in the final hours of Tuesday’s session, reversing the considerable momentum of a two-and-a-half day selloff to end the day 90 points off its sinkhole lows. The S&Ps did even better, carving out a v-shaped bottom that had bears once again on the ropes at the final bell. Is that the worst that sellers can do? Evidently so. We’d thought the Trump rally was due for a rest, but bulls will have a chance on Wednesday to demonstrate their unnerving tirelessness with a push toward new all-time highs by week’s end. It’ll feel like a bull trap, like so many other giddy buying sprees before it. But short into this craziness? No way

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Post by the Golden Rule. Oasis not responsible for content/accuracy of posts. DYODD.