Watch out Wednesday. , The Russel Journal Nightly Update
There isn t much confidence in the market these days. People are keeping their money there because they can t just pull it all out (thanks IRS). Honestly though it could go again. The market is a place where logic doesn t always work and most everything you know is wrong. Up can be down, black can be white right can always be wrong. There are only two things that never change in the market, 1 is fear drives selling and euphoria drives buying. 2 Red is red and green is green. You can be wrong and still wind up green and you can be right and still wind up red. It doesn t matter. Dare I say the stock market is the quantum physics of money. So what will happen tomorrow Will the bulls continue to rally Will the market get spooked and sell off Maybe things will get choppy in a war of buyers and sellers. I see no reason why the bulls shouldn t continue their rally at least up to the 20 or 50 day EMA before we need a breath, that is unless the bulls have run out
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