This bill should be resolved soon. Friday? Monday? Don’t know, don’t care. All I know is that the market is looking for any reason to go higher. If it wanted to go lower it would be doing it now. There is also a strong possibility that the ” NO SHORT” list will be extended. So we may have a confluence of bullish events that could really rip this market.
I’m not taking full long positions yet but I am easing in because the market could get hammered this afternoon, although I doubt it. I’m already long RY here and have covered my commodity shorts for now at nice gains. These are names I am getting long: