Stock Market Commentary: Second Day of Gains
Courtesy of Fallond Stock Picks
The Russell 2000 outlined some of the difficulties the indices face in the days ahead as intraday strength stalled out at the 50-day MA. On the plus side there was a CCI ‘buy’ signal.
Techs struggled even though it registered an accumulation day
For Wednesday keep an eye on large caps as the best chance for a short covering rally is in these indices (S&P and Dow) but it may be short-lived (morning?) if other indices don’t participate.