We continue to make excellent (and profitable) calls on the stock market. After strongly suggesting that investors raise cash in January and early February...and then saying rallies should be sold for several weeks after that, we called for a very strong/sharp rally this week.
As we move forward, we will continue to keep a very close eye on the credit markets for clues, but we'll also be watching the Russell 2000 index quite closely as well. The Russell has been a VERY important leading indicator for the stock market over the years...and in recent years in particular. Therefore, how this small cap index acts over the coming days and weeks is going to be very important.
To see more details...and to find out the level we're watching on this all-important leading indicator...and to get the kind of spot-on calls at critical points for stocks (and other asset classes) we've been making for years, please click here to subscribe to "The Maley Report" (TheMaleyReport.com).
Matthew J. Maley
Chief Market Strategist
Miller Tabak + Co., LLC
Founder, The Maley Report
275 Grove St. Suite 2-400
Newton, MA 02466
Although the information contained in this report (not including disclosures contained herein) has been obtained from sources we believe to be reliable, the accuracy and completeness of such information and the opinions expressed herein cannot be guaranteed. This report is for informational purposes only and under no circumstances is it to be construed as an offer to sell, or a solicitation to buy, any security. Any recommendation contained in this report may not be appropriate for all investors. Trading options is not suitable for all investors and may involve risk of loss. Additional information is available upon request or by contacting us at Miller Tabak + Co., LLC, 200 Park Ave. Suite 1700, New York, NY 10166.