Looking for Bounce Tuesday

The market is vastly oversold. I’m showing that only 1%, of the over 3,800 stocks on my database, are still on buy signals.

The NYSE new highs/new lows index is sitting at 2%. The lowest recording since last October.

This might be a chance for the bulls to do some “quantitative easing” (that’s Fedspeak for printing money, in case you weren’t conversant).

We shall see.