Still Strong


The bounce continues. While buy-volume didn’t take out yesterday’s to qualify for an Accumulation day, it was still strong.

Moving averages are still key. The Nasdaq is just above the all-critical 50-day average, while the Dow 30 and S&P 500 are below.

We’re not going to change our Seller’s bias until those averages are taken out.

It’s still earnings season. High volatility in here may still be expected.