Equity market rally justified, but shouldn’t be a one way route - Tip TV

The stock market rally is overstretched, and it shouldn’t be one a one way route higher, is the key message from today’s market roundup section in the Tip TV Finance show, as we discuss markets, the key trending news, sentiment, technical outlook for major indices, and look at a few stocks - MARL, ACA, and VOD, with Zak Mir, Technical Analyst at Zak’s Traders Cafe, and David Belle, Market Analyst at Tip TV.

Key Quotes

“Personally Selling gold and silver just because people are buying it, USD/CAD looking interesting as oil expected to go down to 39/barrel.” David Belle

“Dow30 extremely bullish. Dow transportation index is looking bullish as well.”

“Dow Jones Global Index pausing for a breath after breaking resistance”

“DJIA, DAX 30, and FTSE 100 - all awaiting confirmation for the primary uptrend”