What happened in only two weeks to make market sentiment reverse course so sharply? Absolutely nothing but financial media manipulation and the market "experts" calling it wrong again.
The markets didn't plunge, recessionary fears calmed, and economic data came in better than expected. The past two weeks saw the Dow and Nasdaq climb back into positive territory for the year, up 6.6% and 10.2% respectively, and the S&P 500 rise 7.2% in the same time period.
My stock pick position in KND is back in the black after being initially "Ganned", and if anyone would have entered a position in DEG when I mentioned it, it would have been good for a ten-point gain.
So, it looks like my forecast was right on the mark, so far. But, like I said, the market is like a fickle woman, and can turn on a dime if she doesn't like what she hears. All in all, it was a pretty good two weeks. If breaking through resistance means anything, then next week should likely follow suit.
But don't just take my word for it, see what these technical analysts reported on Friday.
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