A good rebound | stockbee


A good rebound

A rebound in the index after job report induced gap down, at first was tentative, accelerated yesterday. This sets the market for another high in near term. As of now the lagging index is small cap and Dow Jones is leading.

The underlying setups are of many extended stocks with minor pullbacks. A fresh set of stock should breakout in coming days/week to broaden the rally.

Some of the stocks setting up for possible b/o in next few days are:









1 comment:

Chip said...

I just woke up and saw red on the S&P am I dreaming LOL. This market cannot go down.

There is a UPWARDS channel on the daily S&P that is quite strong => http://bit.ly/12OOs6A

I think there are 3 things at play.

1) Too many people go bearish.

2) Funds being pumped into asian markets needed to go somewhere? SO dumped into our US markets, instead of the emerging markets.

3) many people are saying "do not fight the fed" as ben bernanke now has a hobby of PRINT....PRINT....PRINT LOL.

We be interesting to see what happens next week and when the big bank report on FRIDAY.