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.

	Price		Change	%Change
FLKGSX		---
MSFT		---

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