Katie Townshend
Katie Townshend
bounce fairly levels major quickly reaching
I do think that this oversold bounce doesn't have much to it; we're reaching overbought levels fairly quickly in a lot of the major indices,
correction downside easily looking percent
I'm looking for more of a pullback after today. I think you've easily got 4 or 5 percent more on the downside as part of the correction that started Wednesday.
action broader bullish call early last turnaround
Last week's action was promising, but it is still too early to call for a bullish turnaround in the broader market.
downside lows market moving next nice run start
We've had a nice run off of late-April's lows and the market is digesting these gains. We'll probably start moving to the downside next week.
counter couple framework left trend week within
We may have another couple of days, or a week left of this counter trend move, but it's within the framework of an intermediate trend downward.