• If the breakout in the chip stocks can hold (and accelerate)…and the breakout in the NDX Nasdaq 100 can see more upside follow-through…it’s going to be very bullish for the stock market on a technical basis over the near-term.

 

  • The stock market continues to completely ignore the escalating situation in the Middle East.  Therefore, if it does become a full regional war, the market will get clobbered.  Thus, at least SOME defensive positions are warranted at this time.

 

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