This market is like Rocky, who refuses to go down for the count, even though his cranium is getting pummeled with bad news, MMA-style. It makes no sense, but neither do “Italian Stallions”
I see where Federated is making a big push to roll out David Tice’s new “Federated Prudent Bear Fund”. Soon every other clownfish broker will be putting his retail clients into bear funds. Take your cue from that development.
Regarding breakouts/breakdowns, as of noon ET, there were 45 stocks “breaking”. Of those, 18 were bullish breakouts and 27 were bearish breakdowns, so give the bears the slight edge.
New Breakout:
New breakdown:
That is all. Carry on.
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