Both the NASDAQ and NYSE Summation Indexes have turned higher from deeply oversold levels. I believe all the components are in place for a strong rally – price has turned higher, fundamentals are ok, valuation is attractive and sentiment is negative. If the Fed would get out of the way and commodities stopped rising, this market would rip higher.
The people who get on in this world are the people who get up and look for circumstances they want, and if they cannot find them, make them.
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