The Closing Look

Thursday was a relatively quiet day on Wall Street as the market continues to digest the recent and strong post-brexit rally. So far, the action remains healthy as the major indices continue to move sideways and we are not seeing any heavy selling. Additionally, we are seeing some healthy action emerge under neath the surface.

Gary’s Thoughts: Few more oils breaking out of range. Financials on the cusp. Otherwise, not much else today…but continued lack of selling. Everyone talking up Walmart even though earnings were down and sales were flat. It’s a weird world.