Wish we had more to say…futures down a wee bit as it looks like the market may be settling into some rangebound action. This is not bad at all. The market does need rest. The market does not to work off some froth. The good news is that while it rests, the action underneath for areas like the semis remain strong. Have a great weekend. Will have weekely wrap up for you on Sunday.
The market continues to thin out the herd. Forget for a second whether the market was down yesterday and the fact we will have a little gap up today. There were many more new lows than new highs yesterday. As we scan a couple thousand names each day, fewer and fewer remain above the 50 […]