Thank you, again, for all the comments in response to last week’s questions. Vast majority are enjoying the format, so not much will be changing.

But to clarify a couple of points. Target Zone subscribers usually will get trade signals intraday, and then I may post here what I did. So usually its the day after. Sometimes better prices are available the day after, but often they are not. Perfect example on Tuesday I went long Bank of America. It rallied Tuesday after I got long and then gapped up 4% on Wednesday. Big profit for my subscribers, largely unactionable for readers here. That is just the way it is sometimes. However this is free, so any help is better than none, I trust you agree.

Take a look at SPY. New highs ahead in my opinion.

From here I continue to see bears being frustrated for the short term anyway. All dips will be bought up in my view. It may be jagged higher, but its not going lower just yet. As I have been saying, its too early to short. Shorts are just kindling on the bulls bonfire. 

I expect some laggards like msft to join the party soon.

Thanks,

Joe

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