There was some profit taking early on after a 1hr pop, but the buyers came back out right before the weekend close. The financials were on fire again today, continuing their breakout run. Early today the BOJ provided details of the assets they are going to purchase, which include ETFs and REITs! Seasonality is favoring the bulls now, but we are extended and good news/earnings are officially out. In a normal market I would say we are due a pullback. But if the government is stepping in to support prices, why not just buy every small dip?
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