Pre-Market 2/4/2013

Futures are slightly lower this AM.

The markets start the week approaching all time highs, just over 1% away from current levels.

The rally is on until it isn’t.  Climb that wall of worry.  That’s what we have been doing, and profiting as a result.

Good friend and frequent visitor D.K., sent the following link which speaks to the feeling many are certainly having this morning.

NYSE short interest is still near record highs, meaning there may still be a strong additional leg up to this rally if those short this market buy back the borrowed shares to prevent further losses, which will have the effect of a strong price volume surge in the markets.

Check back later.

Leave a Reply