The Simple Reason Why Stocks Are Soaring: Gartman "A Bit Net Shorter", Says "Market Is In Very, Very Bad Trouble"
One can devise all sorts of complex explanations why global stocks and US futures are on fire this morning, or one can just assume that alos are doing what they do best: fading Dennis Gartman.
From his latest note:
IF VOLUME IS SUPPOSED TO FOLLOW THE TREND…: If volume us supposed to follow the trend then the stock market is in very, very bad trouble indeed, for the volume is strong as the market weakens and its weak as the market weakens and its strong as the market rises.