To gain an edge, this is what you need to know now.

Off To The Races

Please click here for a chart of Nasdaq 100 ETF ().

Note the following:

  • Some gurus are proclaiming that the stock market is off to the races to make new highs.
  • Bullish proclamations are adding to the buying pressure that already exists from a short squeeze and technical buying due to the bounce from the 50-day moving average.  Please read yesterday’s Morning Capsule.
  • Interestingly, when the market was down over 800 DJIA points on Monday, some of the same gurus were calling for a 10% correction.