Posted April 02, 2021
By Alan Knuckman
The Bulls Are Back in Town!
This week we finally saw the follow-through wed been looking for in the market Thats right, the bulls are back!
The stars of the show were undoubtedly tech stocks. The Nasdaq was treated to a few days of consistent green following multiple weeks of chop.
On Wednesday and Thursday alone the Nasdaq climbed about 3%!
Its very important to see that kind of follow-through after long periods of sell-off and chop...
This can help return investor confidence and get buyers to step up and push things higher.
So now we are kicking off April in the green with major averages seeing all-time forever highs, like the S&P hitting 4,000 for the first time!
4,000 in the S&P had been a target over the past few months, and well be looking for continued upside now that weve arrived.
All that fear over rising rates seems to be in the rear view mirror now!
Bottom line: Dont count the bulls out just yet!
Keep it In the Money,
Alan KnuckmanEditor, In-The-Money