It is a young bull market | stockbee

1/30/2012

It is a young bull market



It is a young bull market.

A correction/consolidation will not be a rally killer unless we get a bearish breadth thrust.

Sector rotation is conducive to longer duration move.

Much better quality setups are showing up.

Market continues to reward breakout  near lows, so look at them for swing trades. If you look at the stocks up most in last one week you will see that out of around 100 stocks up most almost 95% started their moves from lows. 

3 comments:

cloudsandskye said...

Meager number of earnings surprises this season so far. Is that an ominous market indicator?

cloudsandskye said...

Meager number of earnings surprises so far this season. Is that an ominous market signal?

Pradeep Bonde said...

market is forward looking so that may not matter