What This Bounce Will Tell Us

We finally got the market bounce. It is going to provide valuable information and here's what I'll be watching.

PRE-OPEN MARKET COMMENTS TUESDAY - The market shot higher yesterday on relatively light volume and it closed right at the 200-day MA. This was a gap and go and most of the gains were realized in the first hour of trading. The rest of the day the market traded in a compressed range. The news outlets will always find a reason to justify moves and a softer stance on tariffs was cited. Those winds will continue to swirl and without any specifics, I believe this was simply an oversold bounce. The tariffs did not cause the market drop, global economic weakness did.

Daily Bulletin Continues...