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Sometimes you just nail it, and last week we did just that with market direction heading downwards.
Curiously, many of the best looking bearish stocks didn’t move nearly as much as their setups suggested.
Post earnings has been a damp squib, and that may play a part in evaluating the next few weeks.
Market Outlook:
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In last week’s review I called the market down after another bearish Friday.
This week there were no Friday blues. Is the reversal enough to kick-start some serious bullish momentum? I’m not sure about that yet.
Post earnings has seen little bullish follow-through, and this typically means the broad market won’t have much to shout about over the coming weeks.
I do however, expect some short-term bullish follow-through, which is why most of my attention is on bullish setups this week. But, how long that lasts in the broader context remains to be seen.
Video Length: 00:41:27
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