Market Monitor | stockbee


Market Monitor

  • First thing to notice on The Market Monitor is the 20 figure. That tells you how many big moves are happening. Momentum is cyclical, such numbers often are followed by corrections.
  • Market is more volatile due to earnings and option expiration. But if you look at the numbers, there is good momentum for last few days.
  • Yesterday one of the trader friend emailed me image of his account with several positions up 7 to 10% plus for the day. Last couple of days have been extremely good for account, I am hearing same from others following similar methodology. That is sign of possible correction on the horizon.
  • Notice the Utilities breaking out in large numbers. Transport is already rallying.
  • It is a bull market till there is a proof to contrary.

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