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Dead cat bounce until proven otherwise.
It’ll probably take the market establishing new all-time highs in order for me to not view this market rally the last two days from a dead cat bounce perspective. There has been some technical improvements, but even still, the downtrend off of the March highs … Ryan Mallory is the co-founder of SharePlanner Inc, a financial website devoted to Day-Trading, Swing-Trading (both long & short) and exchange-traded funds. Ryan makes a strong emphasis on risk mitigation strategies, trading transparency, and trader education – not to mention a great set of stock screens as well.
Be Sure to Check out Ryan’s Site at Shareplanner.com