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Monday, October 25, 2021
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The Equities Melt Up

#stocks #bullish

$SPY $QQQ $RUT $DIA

There continues to be several Key drivers of higher stock prices in play.“– Paul Ebeling

Today, investors have history on their side. Looking back to Y 1990 and other frames where the equity market was up double-digits in the 1st 8 months of the yr and there are 9 instances, and in every 1 of those frames the equity market continued to move higher. We like that and believe the fundamentals are also on investors side, and EPS numbers will go higher. And that corporations have been very conservative; ultimately price follows earnings.

 The backdrop is ripe to be aggressive on cyclical stocks. 

We like the media/entertainment sector and are soft in the software space.

Have a prosperous day, Keep the Faith!

Paul Ebeling
Paul A. Ebeling, a polymath, excels, in diverse fields of knowledge Including Pattern Recognition Analysis in Equities, Commodities and Foreign Exchange, and he is the author of "The Red Roadmaster's Technical Report on the US Major Market Indices, a highly regarded, weekly financial market commentary. He is a philosopher, issuing insights on a wide range of subjects to over a million cohorts. An international audience of opinion makers, business leaders, and global organizations recognize Ebeling as an expert.   

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