Monday, June 8, 2020

Markets Powering Higher

Buying continues.  It looks like the NYSE is headed for at least another 80%+ up-volume day and it may make it past the 90% up-volume threshold.  Either way, it looks very bullish. I added to stock holding pushing my invested percentage to 50% today.
 
I think the markets will reach a Scooby-Doo moment when they realize we are overshooting to on the high side. It will then be, “Ruh-Roh” or “Beep-Beep,” as markets, Scooby and Willy Coyote decide the jig is up, or down as the case may be….But, we may reach the prior highs beforehand.
 
Until then, I am following the crowd, and indicators, that are very bullish for the time being.