December 13, 2021

By Nigam Arora & Dr. Natasha Arora

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

Momo Gurus Advance A New Narrative

Please click here for a chart of  S&P 500 ETF (SPY) which represents the benchmark stock market index S&P 500 (SPX).

Note the following:

• The chart shows the market is now higher than when the omicron news was announced.
• The chart shows that RSI is approaching overbought but has room to run to the upside.
• The chart shows that the market is at a resistance zone near an all-time high.
• We previously wrote:

Many investors make the mistake of thinking that the job of the momo gurus is to analyze the markets objectively and guide investors.