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2015/11/17

[Mish Daily] How is The Market Like the Hudson River?

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How is The Market Like the Hudson River?
The lower Hudson River is actually at tidal estuary. The Mahican (Iroquois) name "muh-he-kun-ne-tuk" means "the river that flows both ways."

Strong tides make parts of New York Harbor difficult and dangerous to navigate.

Are you already nodding your head in recognition as to why this info is my lead tonight?

Tuesday, NASDAQ 100 had a golden cross (when the 50 crosses above the 100 Daily Moving Average). The Regional Banks ETF (KRE) had a golden cross last week. That puts these 2 instruments well ahead of the pack with both in Bullish Phases.

Yet those Bullish phases do not tell the whole story.
Bye for now,

Michele 'Mish' Schneider
MarketGauge Dir. Of Trading Research & Education
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