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Tag Archives: June 1125 S&P 500 calls

TURNING THE SHIP

The stock market is acting more like a supertanker than a sailboat these days. For a week now, the major indexes have been stuck deep in oversold territory. I’m spotting clues that a turnaround is under way, but it’s taking time.

RELIEF RALLY IN THE WORKS

After three sessions in a row of heavy selling, the stock market is poised for a nice snapback. The quality of this rally, as it unfolds over the next six to eight weeks, will speak volumes about how long we can expect the post-2002 bull market to continue.