A Yearlong Look at Pullbacks and Bounces…

pullbacks and bounces

You have to consider if the same pattern of bouncing to new highs will play out once again. It is important to know your history. 

Quick Glance at the Market Heat Map and Industries

heat map

Notables:

  • MSFT, JNJ, WMT were the three big winners in a sea of red. 
  • Finance and struggled in a major way: BAC, GS, and C are struggling in a MAJOR way .
  • If this market is to rebound Tech, Finance, and Materials – one of those three, need to lead the way. 

Be sure to check out my latest swing trades and overall past performance

SharePlanner Market Compass:

Stock-Market-Compass-Full-bounce

Based on how the market bounced Intraday, it’s a strong possibility that we see a bounce come tomorrow. 

And of course…the RIDICULOUS!

Ha – Pretty Cool Phenomenon.

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