Let me explain the reasons again why we should still enjoy some more oversold bounces.
Who knows? Here's what I do know -- how to check the indicators, breadth, and the charts of Apple and Microsoft.
I still think the rope pulls on the side of an oversold rally; also, the S&P point change is getting tight (and why can't all charts look like Yelp's?)
Let me be clear on my view of when we should bounce -- and let's look at bonds, Apple and Amazon.
The market will be short-term oversold by Tuesday, and it will be intermediate term oversold by Thursday.
Here's why I still believe we'll enjoy an early October bounce.
Everyone believes the Fed is taking us on a ride to a recession, but I'm looking at an oversold bounce, gold, bonds, the new lows and sentiment.
AAPL is propping up the indexes, giving investors hope the market can rally -- but here is my question: How will we get to oversold? Also, let's look at FedEx's chart, yes, FDX.
We rang in 3900, but did it change the technicals? Let's see what's in the hat.
Maybe we rally early in the week and head back down later in the week or next week.
Does the S&P, with help from the index-movers, really have to crack 3900, which it has held steadfast? Let's see. Also, why extreme stats might be needed.
I've been in the 'sideways' camp for a while -- here's what could change that; also, could we rally soon?
When I said a day or two of declines would be good for the market, I didn't mean this low -- now let's see what it would take to go up. Also, let's check the charts of Alphabet and Meta.
I can't tell you what the consumer price index number will look like, but I will be watching its reaction.