Last month when it looked like the market was in the process of churning and ready to pause, it did just the exact opposite. Now that the market has undergone many accumulation days by IBD standards, it appears like it’s ascent will likely continue. While I have no idea what the next 3 weeks will bring, I do know that if your short right now you’ll most likely be squeezed and if you’re in cash your probably regretting it (like myself). A shorting opportunity may present itself, but patience is a virtue and I’m content not to chase longs here because I’m seeing many danger signs.

nasdaq

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