Scalper1 News
Major averages fell on higher volume, marking another distribution day. As stated in prior PMP’s, this is the third time since December the major averages have tested their mid-December lows. Oil prices jumped 7% as a U.S. rig count. Interest rates continue to fall to levels that hardly suggest the Fed will be hiking rates anytime soon despite the hawkish tone in the statement they made this past week. But recent volatility in the U.S. markets suggest loss of confidence that QE can help global economic conditions despite central banks around the world accelerating the pace of their respective QE programs over the last several months. While the markets have been quite directionless and volatile for several weeks making it tough to time the markets, such periods always come to an end. In the meantime, there are actionable stocks on the long or short side that can be playable if one remains nimble, takes profits when one has them, and keeps stops tight. Scalper1 News
Scalper1 News