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I was singing a decidedly cautious tune last week, especially compared to the week before…
But then, on Friday, a very weak payroll report slammed a strong bid under stocks. Bad news is good news (again). Market players hope the sign of a softening economy will mean a more dovish Fed in the near future.
I’m not convinced that’s the case at all – and you shouldn’t be, either.
Don’t mistake that for gloom: I still believe stocks can rally from here, and I’ll show you why. And I’ll show you the key technical levels stocks have to clear to keep the bull running. Bonds also loom large in whether or not stocks can power on.
That said, I’m finding some nice setups in all of this, and that’s what we’re going to look at right now…
