Paying Attention…

It appears that posting Guru’s on X feel that signals are being provided by the market, most apparently bearish, and all of us are being admonished to pay attention.

Why would anyone pay attention to what traders and investors are doing at this point, when the majority have been wrong. Various markets are providing inside weeks or months which indicate indecision. The only market decisive at this moment seem to be bearish oil and China ETF’s.

The thing that I do agree with watching this year is the consumer discretionary ETF XLY. It is relatively weak and for legitimate reasons. This is not a consumer led bull market, but one thing I would say, if and when it takes out the November 2021 highs, you will be in a full blown bull market.