Wall Street jumped back on the bulls bandwagon following a strong rebound and push to resistance. We mentioned in the bulls needed to hold their gains and they did while pushing higher following our midday update. The back-to-back wins on Friday and Monday were a big plus following the broader market selloff last week and a major step in reestablishing the bulls momentum.
The first day of trading to start recent months have been nasty as the market has pulled back over last four. The first trading day of April has a 70% chance of finishing higher and the bulls will be trying their best to fool the bears and end the streak. (Read more…)