Friday, May 23, 2014

Updated--Have I Mentioned Our Belief That The Markets Are Exhibiting Bullish Tendencies?

Update: Hit send too early, sorry about that.
Original post:

Of course I have, I'm now boring myself every time I type 'Bull market'.
A fanatic is one who can't change his mind and won't change the subject.
-Winston Churchill
Trying to avoid that. Always trying to avoid that.
Anyhoo, here's where we're at, note the "Bearish Abandoned Baby" on May 13.
S&P 500 1,899.73 Up 7.24, all-time high 1,902.17. It is quite important that the market get above that level.
Here's the classic abandoned baby:

Delta Air Lines (DAL) Candlestick Abandoned Baby example chart from