Fuel For The Next Rally

The Chinese PMI is turning from the lower bound of its interval of variation. I think this will be associated with some economic activity acceleration in the US over the next several months. This will support the equity markets before the next leg in the bear market.

With the stock market near the lows of its recent range, I will look for long entries today and/or tomorrow, keeping in mind that a low may be marked by the NFP report on Friday.