The Open Road

This is a syndicated repost courtesy of Slope of Hope. To view original, click here. Reposted with permission.

Without any particular reason – – none is needed – – the markets continue to galumph higher this morning, with green all over the screen. As mentioned last week, once the 2825 level was pushed aside, another 40 points of pre-groomed ski trails lay in front of the bulls, easy to achieve as there was absolutely zero resistance.

Liquidity moves markets!

Follow the money. Find the profits! 

Marching hand-in-hand with this advance are the financials, whose easy pathway I’ve tinted below.

This promises to be quite an interesting week, with the scheduled highlight being the Fed announcement and press conference on Wednesday.

Wall Street Examiner Disclosure:Lee Adler, The Wall Street Examiner reposts third party content with the permission of the publisher. I curate posts here on the basis of whether they represent an interesting and logical point of view, that may or may not agree with my own views. Some of the content includes the original publisher's promotional messages. I may receive promotional consideration on a contingent basis, when paid subscriptions result. The opinions expressed in these reposts are not those of the Wall Street Examiner or Lee Adler, unless authored by me, under my byline. No endorsement of third party content is either expressed or implied by posting the content. Do your own due diligence when considering the offerings of information providers.

Try Lee Adler's Technical Trader risk free for 90 days! Follow the money. Find the profits!

Leave a Reply

Your email address will not be published. Required fields are marked *

This site uses Akismet to reduce spam. Learn how your comment data is processed.

Don't want to subscribe? Support the Wall Street Examiner and get 1 or more Lee Adler's Liquidity Trader reports each month. Click the button below to see your options.

Become a Patron!