Off the Charts
The market tacked on gains Tuesday but pulled in from highs in the afternoon. Sound familiar? It was another quiet day in the market but there is some solid sector rotation happening as the market continues to grind higher.
The S&P 500 continues to act well but is a bit extended at these current levels as it stretches off the eight-day and 21-day moving averages. Just because the S&P is extended from its smaller moving averages, it does not mean this market is a short; it may just need a day of rest to let the moving averages catch up. There are still some calculated set-ups in stocks across the board as leading stocks continue to rally and lagging stocks participate....641 more words left in this article. To read them, just click below and try Real Money FREE for 14 days.
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