Apr-28 A New Week

It looks like the bullish sentiment continues to rate cut. The day after tomorrow will be a key day for short term market. Below is my analysis:

• If today and tomorrow have significant gains, I bet big money will dump stocks whatever the rate cut the desicion will be.
• If today and tomorrow go sideways or down a bit, I think it is still bullish.

To me, I expect this wave continues to end of May or early June, but I still need more evidence. In fact, we see the company earnings are not that bad, I hope the two oil giants can report good earnings to lift DOW. It is possible to see DOW13200 with NAZ 2500 within in May.