Off the Charts
The market was weak in the morning but able to pare losses into the close to make this simply another day of natural digestion. The S&P (SPY) finished the day down 0.32%.
The market continues to rest after last week's impressive rally as investors wait for earnings season. This is healthy action in order to sustain higher prices going forward, in my opinion. After the fiscal cliff compromise was reached around New Year's the S&P rallied more than 4%, which was the biggest weekly gain for the index since December 2011....604 more words left in this article. To read them, just click below and try Real Money FREE for 14 days.
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