The market had one of it’s most powerful up moves in many months with 6-7% gains in the broad market. The SPY had a 7.18% move forming a V-shape bounce. It’s too late to buy into the SPY for a trade and I’d like to see this pull back to $76-78 but first it might run up to 87. The risk to reward is not there yet – be patient.

Today I did enter FEED and ANR which are both commodity stocks. ANR has been consolidating for 4 months with a little sign of strength Feb 2 and March 19. Target price of $24-26.