Today’s Plunge Is Next Week’s Bounce, Strategist Says
In hisDaily Market Notes report to investors, while commenting on a likely bouce, Louis Navellier wrote: Q3 2021 hedge fund letters, conferences and more A Bounce Next Week Is Highly LikelyThe technical weakness in the market is disturbing right now. There are a lot of stocks meandering lower, and the selling pressure is persistent. But the volume is also light and a bounce next week is highly likely. But on the bounce, we're probably going to have to retest the lows. Despite the bad payroll report today, which was approximately 300,000 less than the ADP payroll report on Wednesday, it's inter...