Markets started Monday firm, but weakened late, finishing near their lows for the day. Both the Nasdaq and S&P 500 reclaimed their 50day SMAs intraday, but closed under them. The S&P 500 recorded a bearish outside day as well. More concerning to me were the outside days witnessed by some leaders as out late, which could be a troubling short term tell. They were SWI MAT BLL APH PPG ITW. On the bright side some stocks managed to breakout out. Read the Rest…
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Douglas J Busch