Running on Fumes

Well as I sit and write this the Dow is up close to 70 points running into tomorrow’s jobs report. Looking at the volume, looking at past historic charts, and looking at today’s action leads me to believe that we are coming to an end of this Bear Market Rally. Yes folks, I am calling it. We might well run up after tomorrow’s job data which in my opinion might be the first time in 20 weeks that we have a decline in unemployment benefit numbers (maybe)…and we top off on the good news, only to start our next leg down. We are sitting on the 200 DMA and the bulls are out in full force reminding us of that every chance they can….events and sediment that lead to reversals.

Check out our New Live Chat Room

CHECK THIS OUT!