The Lowdown on Bonds

Not only did we have a down day, we actually have had two in a row. The market is actually able to ebb and flow.

What is even more interesting is that we reached our maximum short-term overbought reading on July 10. On July 11, the market gapped up with Nasdaq closing at 3575 that day. Nasdaq closed this week at 3579 both Tuesday and Wednesday. That is how an overbought market is supposed to work. It either goes sideways or down. My point is that the difference between the rally off the late June lows and the one that began in November is that this one has more ebbs and flows than that one did. It is not a one-way street....412 more words left in this article. To read them, just click below and try Real Money FREE for 14 days.

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