Thursday, March 2nd, 2017

Market making new highs


The indexes are now making new highs except RUT which is breaking out from a downward bullish channel. The market direction is still up and getting slightly overbought. The Bonds are also rallying as seen with TLT chart which intrigues most traders. Not seen this in long time. This week is interesting as the unemployment report comes out on Friday and lets see what numbers we get.

Major stocks have made a run to the upside and breaking resistances above and retracing as per Fibonacci numbers and making lots of bulls happy last one week or two.

Comments

One Response to “Market making new highs”
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