Macke: Sell the Rally


Tuesday’s “snap-back rally” is not indicative of a broader bull market, Jeff Macke said on “Closing Bell.”

In an oversold market like this, Macke said, the best thing to do on a short-term trading perspective is to sell into rallies.

For investors who want to use the weakness to build positions, Macke suggested buying best-of-breed and nothing less. Invest in names with intact fundamentals, but don’t expect to go “off to the races” in even the most sound stocks, he said.


Got something to say? Send us an e-mail at and your comment might be posted on the Rapid Recap! Prefer to keep it between us? You can still send questions and comments to