Off the Charts
The S&P (SPY) had an inside day to kick off the week after Friday's breakout to new multi-year highs. The index closed slightly negative in a very low volume session. Volume in the SPY was the lowest for a full-day session since mid-August.
The market continues to trend higher but momentum is lacking. Continue to stay with the trend until the market changes composure, but pick your spots wisely. It remains a very stock specific tape. At this point in time, earnings season is coming to an end as most key companies have reported and there are not a lot of compelling set-ups to initiate new buys. Less is more at this stage....662 more words left in this article. To read them, just click below and try Real Money FREE for 14 days.
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