Rally continues in world markets.....

Futures are sharply higher reflecting growing confidence that world economic activities are perking up.

This market has added juice with thousands of skeptics who keep insisting that we are headed for retest of lows any moment.....

Most sharp upturn always have great following of skeptics or extremely reluctant participants whose finger is always on sell button.

Nasdaq is closest to all time highs...this week may do it in style

S&P 500 and other indices are ready to jump above 200 DMA thus completing 50 DMA & 200 DMA left behind in dust....

SOX is 2nd best position to take on new all time highs after Nasdaq

Those who are overweight this market are reaping benefit big time...

There may be a mad rush to get in when we open for trading on post memorial day .....

Tuesday may show what a strong open looks like.....

Biggest gains may come from economic ridden laggards like Airlines, Cruise lines, Oils...to name a few....

I strongly believe that biggest gains going forward may be in oil, gas, exploration stocks, they are still near bottom of the range......

Money is made in market with conviction first with TAPE and then with strong comfort level stocks..

Biggest expert is within you, you just have to follow your research, instinct and conviction.....

It is not late to take advantage of this TAPE......

PARTY is just getting started.....

Start your engine......

Good luck with your own interpretation of this TAPE and your comfort level.

BLOG does NOT give buy or sell.

Saleem

Posted in: Mixed