For big picture, market rally for a long time and get extreme bullish on early March this year. Since then RUT stuck in the range while other index makes marginal new high. Divergence happens on small caps and big caps. Looks we are in a top forming. A 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. All 2nd indicator turn green and not over-bullish yet. For this V rally, no follow through is big issue and we keep seeing index rise in the morning and fade which is not good sign. Today it looks this V rally is out of gas.
[Anticipation List]
MFRM AMED LEAF MELI ENOC RDNT DHX BLT TREX SLXP LPNT EGOV TSRA LPSN XPO OVTI GEO THC CXW UA MWA RCL DG HCA EMC WX BIDU
[Good Swing setups in last 5 days]
(1) AAOI
(2) BIOF, b/o today
(3) EMES, b/o 5 days ago
(4) ENTA, similar to AAOI, beaten down then join this V rally party
(5) RIBT, low price setup
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