The market continues to go full steam ahead. All indicators are green.
Cryptocurrencies are also doing well. Bitcoin stockcharts link.
Appears to be in stage 2 or stage 3.
COVID vaccines are being distributed worldwide and the hopes are that we can start to get back to normal in the spring.
There has been some changes in the market as we get news that the FDA approved emergency use of the COVID-19 vaccine. "While not an FDA approval, today’s emergency use authorization of the Pfizer-BioNTech COVID-19 Vaccine holds the promise to alter the course of this pandemic in the United States,” said Peter Marks, M.D., Ph.D., Director of the FDA’s Center for Biologics Evaluation and Research.
With anticipation that the other vaccines will also get approved, and preparation for distribution of the Pfizer-BioNTech vaccine, there is some hope on the horizon.
Now may be the time to trim gold if you have it. With the good news on COVID and the Gold ETF moving below it's 30 week moving average line, gold may be moving into Stage3. The moving average line itself is starting to flatten out. We will see.
