PRE PRE MARKET
Yesterday’s bear market already over.
Nice gap to the upside today…as bear markets last one day these days. CSCO up nicely this morning on a 2% drop in sales and flat earnings.
The clue yesterday is what we wrote to you midday…FINANCIALS held and rallied right off the 50 day.
That said…internals have headed south with more and more names breaking support…BUT UNTIL MAJOR INDICES TAKE OUT EVEN SHORT-TERM MINOR SUPPORT…you know the next line!
I am VERY grateful you tell us almost everyday the areas, different stocks and sectors to avoid or stay out of… You have kept my “hiney” out of harm’s way! Thx much!! I try to listen to your program EVERYDAY for enlightenment and focus :D
Bill Gross call a “top” in the stock market yesterday…interesting..
R Mcmullen