Markets gapped down and rallied over the day nicely - commodities which I have been bullish out with gold and silver still up nicely since my call late last week.
Silver up 8% from call and oil did a very nice rally yesterday and seems like starting up. Overall commodities looks great and on the run latley.
I think metal and mining companys + steel companies should see some good upside moves in the near term which looks very bullish to me.
TNA (3 x small cap bull ) added 78.3 and closed yesterday at 80.49 made a so called BULLISH ENGULFING pattern - which is a very bullish pattern. IF this is a real reversal - then we should see a green close to confirm upside from here today.
As stated - we needed to see the reversal this week and yesterday we got a nice reversal - still looking for a lot more upside + window dressings into month end at least.
The dollar looks like its still in pullback mode where the euro FXE should rally from here - still very bullish the euro as it looks like it bottomed out - and with a rising euro I bet you markets is going to rally.....
So overall still bullish - very bearish sentiment usually wrong - so a good rally should be in the cards imho.
Watch TNA small caps if we confirm the upside bullish engulfing pattern - looks great here...
Have a nice day
No comments:
Post a Comment