Here is this weekend’s link to the Weekend Market Summary:
- Stocks rebound from Thursday selling, but looks like afternoon short covering on expiration Friday.
- Housing starts jump thanks again to multifamily.
- Michigan Sentiment slips, but at these levels, who cares?
- Stocks head into next week with the same issues: in position to bounce but bigger picture still dealing with weak growth patterns.
Short answer, the jury is still out. However, we at SellTheta.com don’t think there is any motivation to go long right now, so short is the bias for us, still.
For more information on the Weekend Market Summary, head over to Investmenthouse.com by clicking here.