Stocks gap up today. The banks moved higher while some other blue chips started to have some movements instead of selling down. The question is can this rebound sustain? Like the last few rounds, many stocks rebounded but could not sustain and towards the end of day, most of them suffered selling with the overall market. Looking at how the market moves and how stocks react to the Dow Jones closing at +431 points last evening, it's just something not right at the moment. I believe the Dow futures hit the supply zone at the moment and hence it's cautious for most traders. I will watch first then decide my next course of actions.
Ronald K -
Market Psychologist -
A Stock Market Opportunist
