So the media headlines read loud and clear….Europe is a mess and in danger of imploding, US data slowing down, 10 yr treasury yields at all time lows and the Volatility Index is climbing higher and higher.
Truth is, equities will be coming into strong support on the major indices charts posted above given this mornings big opening gap down (top is OEX-SP 100 and bottom is the Q’s -Nasdaq 100).
I reiterate that I still anticipate one more good rally to new bull market highs, around the S+P 500 1475 level, once this current dust settles and before it’s all said and done.
Buy! Buy! Buy!