A better than anticipated GDP reports sparked a big bounce Thursday as late shorts were once again squeezed pretty good. Technical damage still persists throughout and it will take a bit more to turn bullish.
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A green Dow 30 overshadowed the underlying erosion that took place on Tuesday in select sectors and broader induces. For the first time in many months, the bears gained the upper hand and now have the opportunity to change the trend.
A summary of stocks to watch this coming week.
Markets churned for the week as weakness in transports was overshadowed by big cap technology. Outside days may not mean much anymore but just when you think all things have changed, maybe its time to start revisiting the original playbook.
Wednesday and Thursday provided market participants with a fair share of volatility taking them up, down and back again. Just when you thought it was safe to come out and play, the roller coaster continues.
