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Stocks are under pressure again, but they're fighting to hang on right now. The guys over at Elite Opportunity Pro (EOP) have turned a little short-term bearish, so we'll see if the major averages continue lower from here, or end up trapping the bears one more time.

I will say if the NASDAQ is the leading indicator right now, we're probably looking at more selling ahead. At least that's what my own personal analysis is pointing to. And based on the reasoning tech has been the hottest pocket of the markets these days, if tech goes it's possible everything else will follow.

Stocks are way overdue for a haircut but the guys over at EOP still believe stocks will end up going higher when it's all said and done, so there's going to be some tremendous buying opportunities at some point this Summer. That's when we'll get pretty excited around here. But, there still seems to be a nice appetite for risk out there with many of the smaller stocks.

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Happy Hump Day everybody. More market strength is becoming a very common theme after single day meltdowns. Enough of that for now though, as the Fed's the focus, but even there - we're not expecting any real surprises. So, it's more about whether or not the major averages can find new highs.

If that happens, we're good to go with small caps leading the charge lately. And speaking of small caps, we got more good news today from one of our newly featured stocks in Renewable Energy and Power, Inc. (OTCBB: RBNW), which appears to be on a strong revenue contract path with their recent announcements.

Prior to the open, the diversified corporation with markets in energy-saving technologies of LED lighting, solar and wind energy, announced it has contracted with a large contract electronic assembly corporation in the San Francisco Bay area to retrofit with LED lighting both the indoor and outdoor facilities of the corporation's main campus.

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Like clockwork, the markets imploded last Friday, but are on the mend again! It's amazing how resilient stocks can be when they have the wind at their back. Like so many traders always spout, the trend is your friend until proven otherwise. Couldn't be more true right now, that's for sure.

Not only has the S&P 500 gotten back its modest losses from late last week, it looks to be on its way to more new highs. It seems every time the market throws a curve at the professional investing community, they drive it up the middle for at least another base hit, and sometimes a homerun.

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A new week and a new trading day that has stocks on the fence after Friday's miserable selloff in large cap tech. It wasn't as bad as it looked though when you consider stocks like Amazon, Alphabet and Netflix make up so much of the index weighting. In other words, when those stocks get clobbered, the major indices they reside in will always take a big hit.

Some say it was due to algorithms being triggered, and some say it was a negative report Goldman Sachs put out on those FANG stocks. But we've seen those negative reports time and time again only end up offering investors a buying opportunity, rather than a selling one.

What I'm saying is it would be no surprise to see these markets somehow buck Friday's selling and move higher once again. It's happened so many times before that until something changes in a big way, we can't just take one bad day and run for the hills.

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TGIF to everyone out there. We're closing out another week of market activity, and it looks like the major averages have run into some trouble, but whether or not it's meaningful is another story because we've seen activity like this so many times and the markets figure out a way to go higher.

It's been an eventful week news wise for a number of our featured stocks out there - some more meaningful than others, but if there's one big glaring thing I'm noticing with respect to smaller stocks out there lately, it's that they look to be ready to take these markets higher.

It's fairly common knowledge that when small and micro-caps lead, the markets do tend to follow, and if the two big ETF's tracking the small and micro-cap space have anything to do with what lies ahead, we just might be in for a big move higher across the board for stocks.