As the brackets get underway for the NCAA, we find ourselves in The Sweet Sixteen for iBC’s 8th annual March Madness Stock Tournament. I’ve been knocked out this last round and fail to get deep in the tournament once again.
For those following along: CLICK HERE FOR BRACKET UPDATE
As for the market, I find myself out of sync here. I missed last week and need to get a feel for the action, speed, sentiment, ect. By a few metrics I follow, a bounce is likely to show up early this week. However, the action in oil leaves room for concern.
Once I get better aquatinted with the market, I’ll be sure to throw up a few updates. On strength, here are a few longs to watch: YHOO, WFC, PEIX, ESKO.
Here’s a look at the daily chart of the NASDAQ. Bears have the ball below 4,800:
