Home > Stock Market Strategy > WALL STREET CRAPS STOCK MARKET STRATEGY APRIL 8, 2017

WALL STREET CRAPS STOCK MARKET STRATEGY APRIL 8, 2017

April 9th, 2017

craps front coverSTOCK MARKET STRATEGY FOR APRIL 8, 2017: The stock market remains in neutral territory despite the unstable news background. But the news will help create the cover story for the next top or bottom as it will polarize public sentiment. Right now it appears that the breadth oscillators are heading down towards an oversold bottom in the near term (3 to 5 days). If the readings become low enough, a rally worth trading to the upside may be in store for us. But until those low reading occur, it’s probably wisest to keep your powder dry for better odds in playing this tricky market.

Key underlying short-term market indicators show the following:

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THE BOTTOM LINE: The Fear/Greed Index is currently reading “Fear” after being in the “Neutral” area for a week. The set-up in the breadth oscillators suggests that a short-term bottom is nearby. If the Fear/Greed Sentiment Index can register an “Extreme Fear” reading in the meantime, we may have a sharp rally to ride into May. But until that sets up properly, it’s best to do nothing except get your ducks in a row.

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