Gary Gallo

ETF Trends: Equity Bulls Charge Forward Where Bearish Angels Fear to Tread

Apparently the real estate scan should have been looking at DRN and URE. The Dow has just broken out today and remains 900 points off the old high. The summation index has just moved above the zero line. We are overbought short term but we are also getting lots of intermediate and long term buy signals. Many new breakouts. The party should continue for a while. I went bullish on 7/12 here on the forum. Of course it is earning season, any dip, maybe into last weeks gap will prove to be a buying opportunity. Lots of strength in USD and TNA.