Market has managed to pose a strong rally after Dec 18 (FED decision of tapering), however it needs to take a breather if this rally wants to continue in a healthy manner. Whats in store for us?
Now that FED meeting is over and news is out, Santa Rally can move forward. Market was expecting taper and hence the reaction. For now enjoy the seasonal Santa rally until it lasts....
Market is struggling to remain near NEW HIGHs from past two weeks and appears to be in pullback mode. Ideally a small correction or pullback is normally good for the market BUT this time market has managed to extend bullish trend significantly without meaningful correction. Will this market give us a Santa Rally!!!
Market experienced a minor pullback last week and Friday's job report gave it a boost. The farther this market goes higher without a meaningful pullback the higher risk of drastic and volatile fall we have in future. BUT no need to panic as we will see signs...
Market has managed to stay near HIGH for last two weeks and NOT showing any signs of slowing down. But how long can this go on without any meaningful pullback!!! Markets often have tendency to remain in extended mode for longer than many expects. What shall we expect in near term?
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