Bob'29

ETF Market Trends: Bears Emerge from Hibernation in Oversold Market

According to Tradingmarkets.com's expert at back-testing and quantifying market move's: Of the 58 times the market has been this oversold; it has rallied strongly within a few days 89.9% of the time. Also stated; There is a likely small cap liquidation by a large or several large hedge or mutual fund companies as determined by the number os unrelated small cap stocks that are getting trounced. When this has happened in the past small caps have rallied 20-30% within a few days. Position for the oversold bounce from these extremes!

It's a Winter Warming Spell - But More Snow Ahead for Markets

To chime in for the chips: INTC and AMD both moved up 20% in the five days ending Friday the 13th of March. The Semi-holders (SMH) moved up 15% in this same time. The up move for the sector and the major indexes may be nearly exausted. It is of interest that Neely, who is unequivacle master of Elliot Wave analysis is looking at 764 on the S&P as the climax of this rally and the beginning of the next leg down to the area of 625. Time to pull up the shorts again?