Not Enough to Derail This Rally
Four months ago, we'd gotten news of worse-than-expected gross domestic product growth in the eurozone, the U.S. market would've sold off in spades. But times are different now. The indices are not under massive distribution; in fact, they are showing very little in the way of sell signals. These might come soon -- but, for now, distribution days, or higher-volume declines, remain fairly well contained. The S&P 500 has shown just two higher-volume declines in recent weeks. That's just not enough to derail a rally.
On Friday, sellers came into the market late after an internal email was leaked from Dow component Wal-Mart (WMT) that described sales so far in February as "a total disaster." Nonetheless, the Dow managed another impressive close, finishing near its high for the session....475 more words left in this article. To read them, just click below and try Real Money FREE for 14 days.
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