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Anyone follow Michael Gayed on Twitter/CNBC? They guys been a total bear past month, today he turned bullish. His bear buddy Chris Ciovacco is following suit. Contrarian indicator?
TG: Yours boys from Change-in-trend had the following tweet at 1:40pm C.S.T. @Anthony_Tudela: Short @ 1549, then @Anthony_Tudela: Down into Monday blood bath.
Russell can finish the 5th wave of minor 3 (941-946) or continue in ending diagnol and push up to 988, then we have 3-(5)-2, 3,4 and final 3 ahead of us.After this move, I'll be in bear camp till we finish minor 4 which should stay above 868, no matter what. This would line nicely with reverse split of TZA and split on TNA, imo.
testing the day high. key time. 17 min to close though, so might be nothing.
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The market has literally been up every day under the sequester in the US which started on March 1st. So much for the many bloggers and commentators who thought that was a bearish catalyst. Stock market acceleration has been faster under the sequestration period than any other point in the year. A lesson for investors on looking to lagging economic data which is published in real-time and other headlines for investing advice.
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