$SPY The markets have
improved over the past two days and are in good technical condition for more
upside as three of the four majors which
we model have returned to Buy status. However,
the market internals continued to be not as strong as the gains in the major
indexes would have suggested, and small cap stocks lagged again.
Tomorrow is a quadruple
witching day which will bring heavy volume along with higher volatility driven
by the highly anticipated Alibaba IPO which has been priced at the top of the
range. It most likely will stir up the
whole internet sector, taking other stocks in the sector for a wild swing.
No comments:
Post a Comment