The Market Takes a Breath

The most bullish aspect of the market Monday can be found in that old adage, "never short a dull market." Another was that the put-call ratio came in above 100% for the fifth session in a row, making it the sixth such reading out of the past seven trading days. In other words, folks are not piling into this as believers.

Most bearish was that the breadth could not manage to get positive all day, even though the Russell 2000 was in the green for most of the session. Also, the market seemed to stop dead at resistance, and could gather no more strength to push through -- a change in the pattern year to date. Since 2013 began, the market has never taken a breath at any low before heading back up. This time it's breathing, even though breadth is not so hot....326 more words left in this article. To read them, just click below and try Real Money FREE for 14 days.

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