Texas Roadhouse Comes On Strong
I'm trying to stay optimistic about the market's ability to move higher from here, but I wasn't happy to see a higher-volume decline for the S&P 500 on Monday, nor was I happy about the Nasdaq's performance on Tuesday. Sellers came into the index late in the day, and the Nasdaq finished near its session low on higher volume. Despite a small gain for the index, the session had the feel of distribution.
Early Wednesday, a disappointing reading from ADP fueled more concerns about a weak jobs report on Friday. ADP said that private-sector jobs rose 119,000 in April, well below the consensus estimate of 170,000....564 more words left in this article. To read them, just click below and try Real Money FREE for 14 days.
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