As I do my morning scans, one can’t argue the amount of stocks to bet against as key moving averages are lost. If we look at the S&P 500 as the proxy, the bulls just lost one key support level, with 2350 being the next:
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My bullish scans are coming in light this morning, however I am close to picking up a few oil names on this dip. Also, stay tuned for our 9th annual March Madness tournament. Entries will begin later tonight, look for tonight’s post.
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