Yesterday's bullish intraday reversal enabled the Nasdaq Composite, Russell 2000, and S&P Midcap 400 indices to close at new 52-week highs. However, the S&P 500 still must contend with resistance of its recent highs. The same is true of the Dow.
Fear makes you do things you don’t want to do. It makes you cut expenses, cut projects, and cancel vacations. All the things you knew you should do but really don’t want to do.
The stock market indices staged a fantastic late rally in the afternoon, taking back all the morning losses from the sharp gap-down at the opening and downside follow-through early on.
Dr. Julie Peterson-Manz reviews the Around The Horn stock action for April 21, and presents trade ideas that still have the possibility of triggering for April 22.
Technical indications hint of an impending pullback in the broad market, BUT Deron Wagner has not yet seen sufficient indication of a clear reversal of market sentiment.
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