A very strong bullish move | stockbee


A very strong bullish move

A "V" shaped recovery in market after a 6% drop has brought market back to its high. The rally has been explosive and relentless. Breadth figures indicating daily buying pressure have been good.

Individual stocks have been having big explosive 3 to 5 days move. Some moves are driven by earnings and some are in the speculative sectors like biotech.

For short term swing traders the market has been good if you can find right pockets of momentum. The recent earnings winners have been in gap and go mode offering no pullbacks n most cases.

All in all dream market for swing traders as long as momentum lasts.  

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