Markets ended softly higher Tuesday, a welcome change — at first glance — from Monday's tumble on rising volume.
The advance broadened throughout the day, spreading from fewer than 50% of industry groups posting advances in morning trading to nearly 95% of the 197 groups tracked by IBD posting gains by the close.
But leading stocks showed little verve, making the day an iffy sign coming on the heels of a distribution day. The market needs up days on higher volume, down days on soft volume, if the rally is to survive.
Yong, your killing me man! Oh well i won't be able to sleep anyway, lol. i'll be back in a couple of hours.
ReplyDeleteI'll be looking forward to the update. ;)
ReplyDeleteDon't be too hard on yourself. Thanks for your effort as always.
ReplyDeletetake the night off. no worries!
ReplyDeleteThanks for all your hard work and dedication.
ReplyDeleteI just decided to short the financials with FAZ and I'm sweating bullets for your post. Thanks for the insight and advice.
ReplyDeleteIBD had a nice summary
ReplyDeleteMarkets ended softly higher Tuesday, a welcome change — at first glance — from Monday's tumble on rising volume.
The advance broadened throughout the day, spreading from fewer than 50% of industry groups posting advances in morning trading to nearly 95% of the 197 groups tracked by IBD posting gains by the close.
But leading stocks showed little verve, making the day an iffy sign coming on the heels of a distribution day. The market needs up days on higher volume, down days on soft volume, if the rally is to survive.
Thank you guys! The IBD's observation may explain why we saw negative divergence between the price and the tick today.
ReplyDeleteExcellent work. I concur. Let's see what the today brings...
ReplyDeleteNice post.
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