- - things looked weak and near ready to be sold but in the last few minutes of trading, some buying came back in and helped many stocks and indexes close near its highs....
- - midday weakness felt fake and was fake...bears are scared and bulls waiting to rebuy after the breather is over
- - again, financials is the only sector that showed real weakness...but still it closed at its highs and looks like it had a good enough pullback to resume its uptrend
- - QQQ went above its strong daily resistance and $tran at new highs...definitely bullish signs
- - weakness started with strong dollar and weak Euro...if this continues, we might get a strong pullback to add to this recent sideways action
buy / sell / hold
- as market is still way overbought and extended, any little jitter on news can send us tumbling...be careful and hold...not buy...when big enough a pullback lately to be a great buy day
Leader: QQQ, DIA
Laggard: financials
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