• The S&P 500 and the NDX 100 both broke above their 50-day moving averages.  The “internals” were not particularly good yesterday, so we’d still like to see more upside follow-through to give us confirmation.  However, this development is still bullish. 
  • WTI crude oil is testing a key support level.  However, it has also reached the kind of oversold condition that has been followed by strong bounces in the past.  Therefore, we believe this commodity (and its related stocks) look very enticing right here. 


You don't have access to this post on The Maley Report at the moment, but if you upgrade your account you'll be able to see the whole thing, as well as all the other posts in the archive! Subscribing only takes a few seconds and will give you immediate access.

This post is for subscribers on the Before the Open and All-Access tiers only

Try 14 Days Free