It appears this illogical optimism in the markets is slowing down. Russia still remains the most profitable market while US volatility is at near 25 year lows now! I’m still going to be a buyer of volatility sine 95% of the time in the past 25 years it’s been above these levels.
The presidential inauguration is this Friday and earnings will be following in the weeks after. We’ll have to see if the markets remain this high after the earnings numbers come out and the optimism will be justified.
Lots of detail to cover in this week’s ETFs to Watch!
Okay, no holiday weekends, no short trading weeks, now is when we’re going to see if this optimism will hold and volatility will remain low. The bets have been put in and in a few short weeks earnings announcements will be coming out so we’ll see how much staying power the optimist investors have. I’m speculating a reversal once we hit new highs, specifically around a DOW 20,000 level.
The biggest market is still RUSL (Russia) and there is a lot more to talk about. Big resistance level tests, Keltner Top reversals and more in this week’s ETFs to Watch!
Ringing in the new year with a small sell off in December, but what will the new year bring? Plenty of optimism left in the markets and trends to ride! Expect some volatility to pick up as the presidential transition occurs, but there is that and more in this week’s ETFs to Watch!