A "V" shaped recovery was many people's expectation. But that was lower probability event. What we are likely to get is test , retest and sideways move till stock setup for either bullish or bearish move.
Stocks and sectors leading this bull move for last 3 years have one by one cracked. Only few large cap stocks are still holding up relatively well.
Sectors that break down initially attract dip buyers and show some life , but if buyers do not show up the rally quickly fades. That has happened to many sectors.
No comments:
Post a Comment