Good Morning All!
A real quick glance at the chart of the SPX technicals reveals a bullish close yesterday (long tail on the candlestick), as well as closing above the critical 1300 area. One more bullish day today would confirm a near-term bottom. On the other hand, one more weak day today could lead the index to lower levels and even has the potential to call the highs in February and slightly lower highs in early April a so called double top. We'll soon know more.
In the daily newsletters this morning we are going over how current positions in the portfolio and how we plan on playing this next swing in equities.