Thursday, May 27, 2010

Internals suggest short term rebound likely...

  • Stock market internals are suggesting at least a short term rebound is upon us.

  • This bounce could last anywhere from a few days to a couple of weeks, who knows.

  • Once the buying stops the downtrend should resume in full force, so be careful playing the long side of the market.

  • As of right now our portfolio remains in cash. Check it out by clicking the "model portfolio" link located on the right hand side of the page.

S&P 500 Index - 60 minute chart

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