Online Stock Trading | Stock Market Analysis - Will the Bull run continue?

Stock Market Analysis - Will the Bull run continue?


Filed Under Market Commentary |

Does the market have enough juice to propel itself further? Corporate earnings are likely to grow less than 10% this quarter, will traders still push stocks higher? Will the bears finally give up and conceded? There are many questions and will not be answered until time has passed. I’ve outlined that there are many risks to this market but we’ve seen them push higher. Markets are not rational, or even remotely logic. It is driven by irrational thought by imperfect beings. Emotion runs this game and at the moment traders believe in this market on the whole. So what are we doing now?

I have outlined a few stocks that have fit my criteria for potential buys. However, even though these fit the criteria current market conditiosn are telling us that we are headed for the last gasp higher. There are many that have waited for a correction and now simply can not miss this move. Desperation, irrational trading will emerge here. Take a look at this NASDAQ Point and figure chart.

NASDAQ_4_27_07_P_F.png

The bears haven’t given up yet, Friday’s put/call ended the day at 1. Such a high put/call suggests that the bears haven’t been knocked out yet. Although the current AAII bull/bear index indicates a split among the bulls and bears other sentiment indicators say otherwise. I fully expect to see the AAII index jump around to the bull side this week.

Enjoy your week, I’ll see you at Investors Paradise’s Forums.

Aloha and happy trading,
MS

marketspeculator@gmail.com

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