Off the Charts
August remains very quiet for the market as the S&P 500 continues to digest around the 1400 level. Digestion and rest are healthy for bull markets.
The S&P continues to act well, and after the past few days of consolidation, the moving averages have had a chance to catch up to the price of the index. The S&P looks poised to break above last week's high of 1407 in the next few sessions. There have been several calculated setups in stocks across the board despite the low market volume. Momentum is still lacking, but that is not unexpected for this time of year. This market is in an uptrend, and dips are proving to be buyable....832 more words left in this article. To read them, just click below and try Real Money FREE for 14 days.
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