Thursday, October 6th, 2016

Is this a bearish market ?

Many indexes are showing divergent behavior some are poised to move higher and some struggling below downward trend lines. Major stocks look bearish yet forming nice bases as we see in CMG and NFLX. GOOGL on the other hand is surviving at the 200 day line. This is a bi-polar market. Half and half.
Traders are not sure which way to pull the ship.

The Feds continue to taper and that always causes anxiety and withdrawal symptoms. The Fed induced drug is wearing off and the patient is sicker that before. Take a look at this video you get the feel.


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