Market Update

Panic! Locked Out!

Cycle screening measures screamed higher along with the market averages. The market is so thin and the move so strong will it even provide the luxury of allowing anyone in on a pullback or will bulls who have been frozen out, panic, driving the market up even faster?

Saved By the V

The V shaped rebound continued today, with the SPX clearing the crash channel that had contained it for more than a week forestalling a breakdown of critical long term lines on both price and momentum.