Is This a Dead Cat Bounce, or Has the Bull Market Returned?
Best day in four months for major stock indices
As of this midday writing, major stock indices are all up over 1.5%, — their best day in four months. This comes on the heels of consecutive weeks down, six for the Dow, the longest losing streak in 6 years. The question now: Is this a dead cat bounce from oversold conditions, or the renewal of the bull market?
To determine the difference, let’s drill into some of the market, technical and sentiment reading. No animals were harmed during this analysis.
The first thing I noticed… Continue reading at StockNews.com
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