Thursday, October 14, 2021

Bull Signs everywhere

Today’s big move higher broke through the 100d-MA and the upper trend line while flipping a lot of signs over to the bulls. As of mid-day, both the Short-term internals ensemble indicator and the Long-term ensemble indicator gave buy signals. Could they be wrong? Yes, this could be a fake-out. The Index still needs to break through its 50-dMA and reversals can happen anytime. Still, the indicators are bullish.

 

One would think that the bad inflation numbers would have spooked investors.  That’s what I think. What I see are indicators going bullish.

 

I’ll be moving back to fully invested, unless something drastic happens in the next couple of hours.