Lopsided Is the New Normal
While this market has been very slow and thin, it definitely hasn't been weak. It has continued the steady walk higher and even picked up a little momentum. The SPDR S&P 500 (SPY) is now up 10 of the last 11 days and there have barely been any dips along the way.
This sort of lopsided action on light volume is the new normal for the market. I don't know how many times in the last couple of years we have seen these moves persist longer than folks think they should. The action never seems to generate the sort of excitement we used to see in the old days, and that may be part of the reason that it keeps going higher....131 more words left in this article. To read them, just click below and try Real Money FREE for 14 days.
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