As Chris Ciovacco (who blocked me for whatever reason) said last week, a sharp countertrend reversal was expected
In the brutal bear market of 1931-1932 there were +20% rallies along the way down -80%
Is this 5% rally a trend reversal or bear market rally? pic.twitter.com/NywUa1pB6c
— OCCUPY WISDOM (@OccupyWisdom) December 26, 2018
Lots of bear market rallies in 2008. Nothing changed in my outlook. pic.twitter.com/7YGgeSeZcd
— OCCUPY WISDOM (@OccupyWisdom) December 26, 2018
ICYMI: "While we don’t observe conditions to indicate a 'bottom' from a full-cycle standpoint, we do observe conditions permissive of a scorching market rebound. Yes, that means one or more daily moves of ~100-150 points on SPX and 900-1300 on the Dow. You think I’m kidding." https://t.co/jrKepMpSHN
— John P. Hussman (@hussmanjp) December 26, 2018
S&P Leveraged Loans Index had a forced bottom on Monday – As soon as that happened, S&P500 stopped dropping. Now you know why the market was really dropping – and as of right now, going higher pic.twitter.com/3SheDzREFf
— Alastair Williamson (@StockBoardAsset) December 26, 2018
Business confidence is a fragile thing. Difficult for CFOs and CEOs to invest big in capital expenditures, amid so much uncertainty over their supply chains (trade war with China) and government actions https://t.co/CnJgywquXz
— 📉Tae Kim (@firstadopter) December 26, 2018
Biggest rally in history… really? $TVIX after market pic.twitter.com/TxKDfd9yoC
— The Insider Trader (@AlessioUrban) December 26, 2018
Rip Roaring Bear Market Rally Today! Gee, now we are back to Thursday's closing level!! How exciting! How far can we rally? No one knows, Today's volume doesn't get me very excited tho. We need a "follow-through up day" w/ "high volume" for any sustainable rally. Stay sharp. pic.twitter.com/eNd5qjGZuW
— Brian Thede (@Sailorbt) December 26, 2018