Market Monitor: Bearish
- We are back in bearish territory.
- Only energy sector is working currently.
- It has been months since a good counter trend rally developed in this bearish phase.
- While it is frustrating you have to give benefit of doubt to Market Monitor green signal. Catching a good counter trend rally can pay handsomely. A few weeks rally in September 2007 to November 2007 was one of the best in 4 weeks account was up 40%. Again a narrow set of stocks lead a big advantage during that period.
- While the first quarter has not been good, this earning season will still offer opportunities. more