Too Many Attractive Prices Available
The market is now fully oversold.
There are bargains galore this morning and I would expect the value players to begin stepping in with size. With SPY and many other indexes below their 200 day ma, it may slow the buying a bit (a small amount) but there’s too many attractive prices available and this makes it especially attractive for those funds which have cash and are looking to add to their holdings.
Finally, I keep writing this message and will continue to do-so; please use caution here and temper buying opportunities with tight risk parameters in place.
Today’s Potential Opportunities on Further Pullbacks: