For big picture, market rally for a long time and get extreme bullish on early March this year. Since then market stuck in the range. Divergence happens on small caps and big caps. Looks we are in a top forming. A 10-20% kind of correction will likely to happen some time in future and welcome. If that happen I can re-invest in 401K.
For short term, we saw a V shape recovery with low breath. SP500 rise to new high. It may still drift higher as not see over bullish on 2nd indicators. But it is not convince me that market will go bullish in big pic. No follow through is big issue and we keep seeing index rise in the morning and fade which is not good sign.
[Anticipation List]
MFRM AMED LEAF RDNT DHX TREX LPNT EGOV XPO POO GEO THC HLS RCL DG EMC BIDU WX
[Good Setups in last 5 days]
(1) ACHN
(2) AMBR, bottom fish is something that works in current condition
(3) AXDX
(4) EMES, continuous b/o
(5) ENTA
(6) RAIL, grade A setup
(7) VMEM, low price setup
没有评论:
发表评论