Bulls rule. Very timidly…

20-9-19-indu

This wek was largely a continuation –now 15 days of uptrend without a pullback to give us a point on whiih to anchor a trendline.  If you want a temporary trading stop you migh put it 2% under Friday’s close.  We don’t get excited by runs like this  because we are accutely aware that a downwave will shortly occur, and until that happens  we look at it as the market’s money.

For a straw in the wind (bullish), the Qs have taken out a couple of highs, and while they too are  awaiting a pullback we consider this a very bullish sign.  You can even buy on this if suffering the inevitable pullback — probably small won’t ruin your digestion.

20-9-19-qqqq

Later today we will address the silver and gold — acting positively.

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