FYI: BOO YAH! Now that’s more like it! Your regularly scheduled non stop up market returned this past week with a “5 for 5” week (all 5 days up). Three of those days were >1% so it was a return of the bulls. That said to return to the “Trump market” we need to get back to almost no volatility and incremental up days of 0.3% or so 80% of the time. We noted in last week’s recap the NYSE McClellan Oscillator was still VERY oversold so a “snapback rally” was still on the docket. That was quite a snapback rally! So the “easy part” of the bounce just happened – now we will see if we are going to return to a more volatile future or go right back to the sleepy market that tacks on a little 4 out of 5 days.
Regards,
Ted
https://www.stocktrader.com/2018/02/18/weekly-market-recap-feb-18-2017/
