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No Respite in Sight for Bears

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Stocks seem all but certain to move sharply higher this week, since AAPL has an unfulfilled rally target at 314.28 that’s seven percent above. The only puzzler is that every Tom, Dick and Harry in the guru business seems to be expecting a selloff to commence around mid-month. The most logical inference I can draw from this is that the rally will pick up steam in the second half of January and become a wilding spree. If so, there’s a 3348.75 Hidden Pivot target waiting for the thundering herd in the E-Mini S&Ps. It equates to a 1500-point rally in the Dow to around 30,000.

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