Nervous Bears

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The Bull weighed in with a modest accumulation day Thursday.

It’s not enough to negate our Bear bias, though it would be considered the start of something new if we see more of the same. The S&P 500 regained its 50-day MA. A Bear’s gotta be nervous anytime price action sticks above this key mark.

Look for new year trends to start to develop. This is best viewed at the end of the week when daily noise gets filtered out.

We’re still long the Twitter TWTR @38. Stop loss at 35.5. Consider scaling out under 36. Refuse to lose cash.

Remain untamed.

 

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