The video in this report is only accessible to members
The video in this report is only accessible to members

This past week’s decline marks the sixth straight week of weakness out of the last nine weeks.  However, as has been discussed, price action has actually held up remarkably well compared to how some feel it “should” be trading given the ever-evolving negative news flow.   Unfortunately, it will be difficult to cast our sights higher without any proof of price strength, so for now, having a short—term tactical view will be imperative.   Key for short-term traders will be 4279, the intra-day March 1 lows, which is shown by the red horizonal trendline undercutting the lows of the past few days.  This looks to be more important than 4250, and under 4279, the odds of a retest of late February lows looks to be a real possibility.  However, I expect this to prove short-lived and buyable over the next 3-5 trading days for an advance into March FOMC.   Climbing over 4417 meanwhile should lead to 4450.

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What areas are doing well and should be favored?  Why Financials are important to watch

In recent weeks it might seem as everything is falling, but most understand this to be a very dynamic environment for stock picking where many things have been going rig...

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