Another Strong Day

04/24

This is another strong day with DJIA +250 points or 1%-1.5% gain for all major indexes. 

Stock markets re-approach near rebound high with 30% gain for the past month since March 23. 

Peak out of virus and money-printing strategy are two primary factors contribute this rebound rally.

Recent bottom-up rally from energy sector also helps a lot. Hotels, restaurants and airlines are back into optimistic view that the worst might be behind. 

Until the second wave of virus attack or other unknown economic condition, markets are in bullish mode. However, it is important to note that entire rally is based on low volume. Technically, low volume rally is not trustworthy. 

 

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