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S&P 500
5,222.68
(
0.16%
)
US TECH 100
17,650.00
(
0.05%
)
Dow Jones
39,512.84
(
0.32%
)
Brent Oil
82.59
(
0.00%
)
Bitcoin
60,910.16
(
0.19%
)
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gldtimer

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gldtimer

Re: None

Sunday, 11/23/2014 5:37:45 AM

Sunday, November 23, 2014 5:37:45 AM

Post# of 4668
Record Number of Days Above 5-DMA

http://www.marketwatch.com/story/marathon-stock-momentum-confidence-flash-caution-2014-11-23?link=MW_home_latest_news

I started my daily 'Market Wrap' five weeks (25 days) ago, documenting the record snap back run triggered by Fed VE'ing and year end chasing. Japan, Zone + China QE then acted as the third stage of the rocket.

What makes this run truly amazing is that it did so against the backdrop of a rising (global growth slowing) USD. But that's what bubbles do, they keep going up...until they don't.
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