The markets churned on Wednesday as sellers were replaced by buyers and the tape digested some of the recent gains. Many are expecting a fade or a retest of lows which is entirely possible however the season may suggest otherwise.
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Our Inside the Tape stocks are acting as they should and Mr. Market is still following the standard Technical Analysis play book. Tonight we review each of our positions and discuss an addition to one of our newest.
The financial markets can handle good news, and the financial markets can handle bad news, but what any market participant will tell you is that it is the unknown that the market cannot deal with and will typically travel the path of least resistance when there is uncertainty, which is down.
Unless you have been under a rock you can see just how much the market is rallying today.
Tonight we look at each of our ITT stocks and add a new name to play as the market sees an oversold bounce.
