Reset Needed

The bulls did a nice job today of shrugging off the recent poor action, but volume was light and the market faded late in the day. Nonetheless, the hot money was looking to chase again and the mood felt more upbeat.

The pattern has been for the market to build on technically questionable action like this, but under the surface there seemed to be hesitancy. There were less than 300 new highs, breadth could have been better and the close was poor. It wasn't the same euphoria that drove the market up since mid-April....1141 more words left in this article. To read them, just click below and try Real Money FREE for 14 days.

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