GREY:XEBEQ - Post by User
Post by
tamaracktopon Nov 09, 2020 1:16pm
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Post# 31863809
Look at the world
Look at the worldEuropean markets are closed now. The DAX closed up 4.94%, the Footsie up 4.67%, the CAC up 7.57%, and the IBEX up 8.57%.
On this sideof the pond, while the Dow is currently up 4.57%, the more broadly based S&P is only up 3%. The Nasdaq is only up .9% ,for reasons mentioned earlier.
Look for the broader U.S. market to firm up throughout the afternoon. U.S. investors don't like to be outdone by their European counterparts.
Personally, I would expect this broadening of strength will take Xebec comfortably higher than the old closing high, and possibly even retest this morning's high. It doesn't feel like it right now at $5.61, but there's plenty of time left, and if it doesn't today, it surely will very soon.
The Dow made an all time high today, confirmng what the Nasdaq and the S&P did some time ago. It's a bull market.