The S&P500 had had two red days in the last two weeks, but we continue to see intraday consolidation and strong finishes at high. Breadth was very strong with about a 4 to 1 ratio. Banks ignited after some favorable comments from Goldman Sachs. Corn continue to make a new high too, the cost of popcorn is skyrocketing!!! Our house price had doubled and commodities are running wild, but our stock markets are still at the price 10 years ago? Is it about time stocks doubled too? The “trend is your friend.” Watch out for wild POMO action during option expiration week and mutual fund Monday.
Related posts:
