Four Weeks and 3.6%…Is That It?
It’s been four weeks since the high on March 1st, is that it for the correction? I have my doubts. Another way to look at it…the DJIA has corrected 18.4% of Minor Wave 3. Minor Wave 3 ended at the high on March 1.
In today’s brief market video I look at all this as well as one of my indicators, 3 key ETFs…SMH, XHB and XLF and one stock from each of those sectors. The stocks are Qualcomm (QCOM), Toll Bothers (TOL) and Morgan Stanley (MS).