James "Rev Shark" DePorre
Recent Articles By The Author
The backdrop of a dovish Fed also makes it hard for the bears to press their agenda.
There are two things that work to benefit you when you avoid downtrends.
We saw today some signs of a favorable environment for stock picking and I'll be looking for that to continue next week.
The big question for us to consider now is whether this reversal action is going to lead to another big trend.
The important thing is that you take fast action to assure that the losses you might be suffering today are not accelerating.
Weak action is a refreshing change and it doesn't mean the market is going to collapse.
Also restraining the ursine crowd is the new-found dovishness of the Fed when it comes to rate hikes.
The swings were not big but things moved up an down several times intraday.