A Trader's Rally
This rally continues to wear on folks. I don't see much celebration, nor do I see much selling. Those who are participating seem to be doing so in a trading manner rather than buy and hold.
It doesn't seem as if shorts have capitulated either, so technically speaking, without any glaring weaknesses in the charts, it is difficult to foresee what is going to bring this market down before the end of the month, beyond the fact that Mondays have been consistently weak. If bears are left to just hope for and pray on Mondays, then it is going to be a very long fall and winter for them. Again, there is no denying the macro issues except by the prices of stocks....232 more words left in this article. To read them, just click below and try Real Money FREE for 14 days.
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