Friday’s High Flying Momentum Stocks
Friday’s pullback was healthy as it especially focused on the high flying momentum stocks as seen by the decline in the NASDAQ. Today the market is oversold but not at extremes and another 1-2 days of selling will create a very good buying opportunity.
Note for TradingMarkets Members: Larry Connors will be conducting a free preview webinar on Monday, April 7 at 1pm ET for anyone looking to learn more about TradingMarkets Volatility Spikes Trading Program. Volatility Spikes have successfully predicted the short-term direction of the S&P over 79.3% of the time since 1994.
Today’s Potential Opportunities on Further Pullbacks: