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WALL STREET CRAPS STOCK MARKET OBSERVATIONS FOR APRIL 5, 2015

April 4th, 2015

craps front coverSTOCK MARKET OBSERVATIONS FOR April 5, 2015: The stock market climbed and dropped last week putting all of the internal breadth indicators in neutral positions. With the negative jobs reports on Friday, expect the stock market to begin the week with an initial sharp downward move. But don’t be surprised if this spike down is completed by late Wednesday and the start of another “V-Shaped” bottom takes shape. This has been the pattern over the last several months as the hedge funds, computer trading, and institutions compete for performance.

Key underlying market indicators show the following:

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ADVICE TO TRADERS AND INVESTORS: Be ready to act on weakness during either Wednesday or Thursday as the oscillators approach oversold readings. This could be the beginning of another V-Shaped bottom with a short, but violent rally over the near term. You can take small bets on the following leveraged broad-based ETFs for fast money:  SSO, DDM, QLD

STOCKS NEAR OR AT THE BOTTOM: MSFT

EXCHANGE-TRADED FUNDS NEAR OR AT THE BOTTOM: IYT

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