Take Your Cues From the Market

We ended up with pretty good gains but it was still a bit disappointing after the strong start this morning. The tendency of the market during the recent rally has been start slow and gain strength. This is generally seen as more bullish than the reverse we had today. Nonetheless, breadth was still solid with plenty of new highs and even some crazy momentum, like Tesla (TSLA).

The bears are going to focus on the fact that many stocks closed well off their early highs. It was quite a frothy start and that always brings up talk of "blow-off tops." The bears like that phrase but I can't remember the last time it actually happened. When the market does top, the process plays out over a long period....1143 more words left in this article. To read them, just click below and try Real Money FREE for 14 days.

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