1. Market Summary
 Excerpted from Thursday's paid content of Investment House Daily.
Russia Attacks
– Russia attacks, and stocks crashed for a fifth day. However, they reversed almost at the open and produced a massive reversal.
– The market becomes sharply oversold as sentiment indicators spike.
– Sentiment supports a rally. The Chicago Board Options Exchange's CBOE Volatility Index (VIX) surges to the upper 30s, the number of new lows explodes, volume approaches expiration-date-like levels and the bulls/bears sentiment almost crosses, as bears surge.
– We are ready to play some upside, but with this market volatility, we really focused on when certain big names will hit their key resistance and tell the tale of the next post-relief move.
On Wednesday, I posited that a fifth day of downside on the open could see a reversal. It did. There was a massive move lower that started reversing from the open. We booked gains both early in the session, and later on. Even so, many stocks gapped to a support level and reversed sharply. The indices, of course, did likewise.
NOTE: The figures and information above are from the 2/24 report.
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