Thursday, February 02, 2023
At the hospital in the emergency room yesterday so I missed the Fed day reaction that was a jump to the upside for most indices. More gains today for the major indices but the Dow is lagging here. The leader is the NASDAQ and decidedly so. That is bullish going forward. The S&P 500 broke through its longer term down trend line and now the NASDAQ has followed with volume picking up. All signs are positive for the market at this point. The VIX staying below 20 is another plus. Declines can now be purchased as we will have to see how far things run up. Not sure where the liquidity is coming from but we'll enjoy the ride. I'm feeling under par to be sure and cannot do the usually more detailed blog today. I hope to be back closer to normal by next week. It goes without saying that if you can't give the market your full attention, there is no point in trying any trades. Health is my number one priority at the moment. The markets will always be there.
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