Take What the Market Hands Us
Now, that was quite an oversold rally and a lot more than I expected we'd get from this oversold condition. But we take what the market hands us.
Let's begin with the positives from the rally. The biggest positive was the number of stocks making new highs. Earlier this week I referenced the increase when the Russell 2000 had its first big up day, but on Thursday the number of new highs on the NYSE ticked just a tad over the February peak reading. Oh sure, I can pick on the fact that there were plenty of non-stocks on the list, but that is rationalizing the indicator. More is more and this indicator now goes into the positive side....382 more words left in this article. To read them, just click below and try Real Money FREE for 14 days.
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