Today’s headlines read that the Europe sinks stocks because of debt.
Same old. Same old.
But things don’t look that good from a technical perspective. And here we are in what is supposed to be a bullish time of year. Geez, what will January bring in this scenario?
Anyway, I remain long via the black box buy signal of November 22nd.
I still think there is a chance this is a head fake and we could rally into year end. But then again, everything is driven by what is going on in Europe. (Ignoring the big $15 trillion elephant of US debt in the room…)