Weakness in the morning is again erased by a strong finish.  Intraday corrections and dip buying continue to be a hallmark of this market.  Even analysts downgrade of momentum stocks are used as buying opportunities as seen in NVDA today.  Historically, February had being the 2nd worst performing month of the year and we only have about a week more to go.  Markets can’t go up forever, but they sure can act that way for quite a long time.

Related posts:

  1. POMO Mojo
  2. Do you POMO?
  3. No Magic Tonic
  4. POMO Dance
  5. POMO Edge?