Markets continue to build on recovery | stockbee


Markets continue to build on recovery

After a 9% kind of correction , markets have had a sharp V shaped recovery. The breadth has started to improve and new leadership has started to emerge.

A V shaped recovery is sign of strong buying on any correction. Which has been the hallmark of this market in last 18 to 20  months.

As long as breadth trends continue to improve the rally has probability of continuing . Any breadth deterioration is what I would watch for sign of pullback or reversal.

Stocks with momentum and momentum burst setups have started to show up and are having follow through.

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