Bulls Need a Stand

After some early weakness on Monday, the bulls put up a little fight before succumbing to selling into lunch. From there, they did have enough energy to  bring stocks back to breakeven. Given the semi-holiday, that was semi-impressive. The bulls now have a little momentum and are supposed to run to the upside for at least a day or so. The S&P 400 and Russell 2000 have declined sufficiently to reach their long-term trend or the average price of the last 200 days as you can see below. That can often lead to a bounce.

If stocks can rally, I would expect bonds to bounce back as well after being crushed at one of the greatest paces in history.

If you would like to be notified by email when a new post is made here, please sign up HERE

Paul Schatz, President, Heritage Capital
Paul Schatz, President, Heritage Capital
If you have at least $250,000 of investable assets and would like to schedule a complimentary meeting, call, or video conference with me, please click on my calendar here email me at Paul@investfortomorrow.com or call the office directly at 203.389.3553.

Speak Your Mind

*