Is All Good Now for the Stock Market?

01/15/2016 7:00 am EST

Focus: STOCKS

Corey Rosenbloom

Founder and President, Afraid to Trade

Corey Rosenbloom, of AfraidToTrade.com, takes to the charts to analyze Thursday’s powerful reversal rally and strong trend day for the S&P 500 and offers a stock scan for the day.

Some might say we were way overdue for a larger rally or snapback bounce for the stock market.

Nevertheless, all in good time for the market, Thursday’s session did result in a powerful reversal rally and strong trend day to the upside as buyers retook the 1,900 key level.

Let’s update our levels for the S&P 500 Index (SPX) and note the big trending stocks Thursday:

chart
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