S&P has a major down day since morning. At one point it looked like a we will see 2% down day with heavy selling in the market. But market recovered latter and pushed up little higher which is showing some strength in this market.
Market breadth has been weak in last two days but not strong enough yet. I see little selling in the market.
Until we see close below breakout low 1397, I will keep looking for good long positions.
I see negative movement in overbought-oversold indicator. It wasn't strong enough though.
Looking at above, I believe, one should be looking for high flyers stocks.... this can be good opportunity to find good pullbacks..... in this market.....
We can keep looking for long positions until we see close below 1397.
Market breadth has been weak in last two days but not strong enough yet. I see little selling in the market.
Until we see close below breakout low 1397, I will keep looking for good long positions.
I see negative movement in overbought-oversold indicator. It wasn't strong enough though.
Looking at above, I believe, one should be looking for high flyers stocks.... this can be good opportunity to find good pullbacks..... in this market.....
We can keep looking for long positions until we see close below 1397.
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