The shortened trading week ahead is a crucial one, because we are going to get to witness first-hand how the market reacts to what will be the high-water mark of promises, optimism, and giddiness. It will be the BEST opportunity to slather the market with hope, and frankly if the stock market isn’t at all-time highs across the board this week, then look out below, because, little by little, reality will start to creep in.As it is now, in spite of an awful week for the bears, the steady series of lower lows and lower highs is still intact. It wouldn’t take too much to ruin that, however.
I will say, however, that the VIX has been beaten back down to intriguing levels. The most positive thing I can say to any surviving bear out there, which may number zero outside of myself, is that my BEST day of the week was Friday, which oddly was the WORST day for the bears. And that was with an entirely short portfolio!
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