What's Next for Stocks?
Stocks are extremely volatile lately. It does not seem like they've gotten the risk on memo that caused bonds to collapse last night. After that dip, it still seems like the S&P is feeling out current levels, between 3676 and 3737. The Kovach OBV has tanked but is currently flat lining, a testament to the ambivalence. Keep in mind, that even if it were to correct further into the low 3600 handle, it would still be in bull mode. So it would be wise to be patient for further dips and use them as buying opportunities. if we do get some momentum, 3758, and 3774 will provide resistance before new all time highs.
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