No Longer Oversold

At the end of today's trading the market will no longer be oversold. This is the first time in recent memory that the bulls were able to do so little with an oversold reading. But its not like the bears have been on their "A" game either. The bears will have one last chance in the next couple of weeks to crack this market. After that we will be entering one of the seasonally strongest times of the year. Have a good night.

2 comments:

Anonymous said...

Tracking back to last 10 years, seasonality doesn't have much correlation in april

Anonymous said...

Basicaly this market doesn't follow "the script" anymore