The bulls got a win for only the third time this month thanks to an overnight turnaround in the futures market. The bears haven’t gone anywhere as they held resistance despite Monday’s snapback rally. The major indexes fell short of clearing their 20-day MA’s (Moving Averages), with the exception of Tech, as volatility actually increased heading into today’s Fed meeting. (continued…)
We could have 2 NEW TRADES this morning between 9:45am-10:30am on a stock we have covered off-and-on all year long. Shares reached fresh 52-week peaks yesterday and could be on the verge of a major run from $75 to $85 over the next week or two.
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