On the one hand the rally today was impressive given the crummy news, but then, if you look at the volume action on the 5 minute charts, there has been heavier selling the past two days. The latter isn’t reflected in headline numbers and that’s what the average investor sees. It’s troubling and made more so by the heavy accumulation of insider selling data.
No matter what I think, the market is trudging along higher. If you wish to fight it, be my guest but many trying to fade the trend are losing money. That’s not a good game to play.
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