Nonsense

Modest gains on the heels of two distribution days doesn’t hold much weight toward altering our Bear bias.

Today was likely a start of some back-and-forth on the major indexes as the 50-day moving averages come into play.

Volume may pick up in the next weeks as funds fully return from vacation and set their balls in motion.

A new theme for the quarter will likely be discerned in the coming weeks.

Stay cool.

sc

 

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