Bear Market Rally?

Looks like the rally we expected last Tuesday waited a week.  We see a lot more positive signs in the stock markets.  A rip-your-face-off rally may be getting started. I am playing this as a rally in a bear market based on past, crash-scenarios. I added the leveraged ETF-SSO as a small position in my portfolio.  That’s a bit risky and the S&P 500 ETF, SPY, would be a good, lower-risk choice also.

 

It is possible that the market will go straight up from here, but that’s not the most likely scenario. We would expect a 50% retracement to mark the top of the rally.