Saturday, July 19, 2014

Bulls Prevail

The Market Trend Model (http://bitly.com/M_Trend_Modelbias shift that occurred two weeks ago appeared ready to come to fruition last week as stocks melted in the face of geopolitical angst in the Ukraine and then Israel.

Thursday's market close looked to put the bears in full control of what has been the most hated stock rally in recent history.  But on Friday no bear was willing to hold bets over the weekend that the world would end before Monday as stocks spiked higher.

At this moment it appears the uptrend remains intact.