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8/11/2014

As the Doc expected…it would be a bumpy ride in Stocks but not yet an outright bearish scenario. 

Last Friday’s exuberant rally seemed to come out of nowhere, and unfortunately this is no surprise as these explosive up moves during times when the market is most bearish, have been the norm over the past couple of years.  The thing to watch out for is that some speculators may have gotten caught in a bear trap in the NASDAQ market as technical levels were breached on Thursday implying further losses, however this trade has been greeted with the phantom buying on Friday…no surprise..

The recent factors that led to the mere 5% correction in stocks are still in place, but the key to watch for is to see if the “rather odd” phantom bulls will continue to rule the Equity markets as they have since at least 2012.

 

Stephan Kudyba (MBA, PhD)                      THE MARKET DOCTOR

 

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