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Looks like the bulls are charged up.
Going by the earnings season numbers, it seems like the bulls are ready to take out the 12000 mark and make a new high. Even the Auto sector is showing some sort of bottoming out, so this can take the markets up. Having said all that, I won’t be buying futures blindly. Gotta be cautious.Â
If the government comes out with a spectacular personal income tax cut and some sort of tax structure for capital markets, then it will add fuel to the rally. Let’s see what happens in the coming day. I’ll only get worried if the markets make a U-turn and come back to levels below 11400. Until then I’ll be a bull.
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