Trapdoor
I think a break to the downside is on the cards. Lets be honest even a pullback of 200-300 points is barely a correction and probably very healthy for the market.
Only a break of 13000/13150 will change the perceived bullish outlook.
Still short the DOW
Moved my stop loss thankfully yesterday. However I note the DOW is back showing some early morning upside. A weak close has not had much impact. Is the DOW untouchable? Seems like another bullish day on the cards. Stop back at 13575. Will go flat if required but a long does...
Afternoon, morning all.
Gone short @ 13560 cash.
Impressive run up and all looks to rosy considering worsening economic outlook.
Nasdaq caught abid ahead of the DOW, so maybe a rotation will happen with some downward pressure...