Cryptocurrency is on fire once again with Bitcoin going vertical this evening, trading right through 11,000. I forget how fast these coins can move, which gets me excited for the true Euphoria phase. I still think we have years until that happens, and I do think a nasty correction is not too far in the distant future. But, for now it’s ALT season.
This move in Gold however, I think sticks, and sticks hard. I think Gold will trade in its own bull market for years to come. This is a pretty significant breakout in the shiny metal and with more stimulus on the way one can’t help but to think inflation. Look to buy meaningful dips in gold.
__
As for stocks, the momentum screen is loaded with great looking charts. Everything is looking bullish again, even $AAPL, after the drubbing it caught late last week, look ready to go. Here’s a look at today’s momentum scan: CLICK HERE FOR CHARTS