Market Snapshot
Transition from
Bear to Bull to Overbought
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| In Three Trading Days the market has gone from bearish to bullish to overbought |
Chart View
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| Market gaps up at open and moves higher throughout the day. |
Woody Indicator
Fear & Greed at Work
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| Fear came out of the market very fast as investors piled into stocks. |
Market Direction Model
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| The strongest two day move in recent memory. We have two trading days delivering Big Kahunas. (We call our Impulse Indicators Kahunas) |
I added to our equity positions incrementally last Friday and today as the political winds shifted. I will add more equities on pull-backs, probably tomorrow if we do get a pull-back.
I will review these market moves more in-depth in the upcoming issue of The Gerritz Letter.
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