3/1/2026
Stock indexes continue in a sideways pattern refusing to break out up or down But let's look at the PMO oscillator.
INDU
SPX
NDX
NDX at bottom has PMO aout to cross to the upside, SPX not as loaded with high tech is in catch up mode and INDU, well will probably bottom last of the three.
Understand that the ten year treasury dropped below 4% and it knocking on the door of taking our 3.94%, the previous low. Mortgage rates dropped under 6%. These are bullish signs even as oil rises on the latest mid east conflict.
I looked at my extensive list of retail stores as well as th eight economy ETFs. Here are the two best bets to rally as far as I can tell.
WMT
This is a textbook five wave rally, an ABC correction, and now PMO has bottomed and is about to tun up. Ths is a 195 minute cart
AMZN daily
All of a sudden none wants AMZN as it passes WMT in sales. Looks like this is ready to rebound.
And we can sell calls against both of these for a 3% return for 75 daus which is a 15% annualize dplus what the stock appreciates. If these two rally Monday I will demonstrate.
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