Well, it almost looked like we were out of the woods.
Friday was finally a nicely bullish day and then yesterday rebounded into positivity.
Today, however, is another story. We’re back to bearishness. Here’s SPY:
We’re below the 200-day simple moving average on the Daily chart and turning downward.
So, again, we could just stand aside.
Or we could look for stocks who are showing strength during all this weakness.
Stocks like Anheuser-Busch InBev (BUD). Here’s the chart:
BUD took a huge fall but has been climbing heartily in 2025.
And a break above $63.72 could lead to a big explosion, especially if the market turns bullish.
We’ll keep an eye on it.
Happy trading,
Scott
