In this blogger’s humble opinion:
Bear camp rules. BUT, neither Bears nor Bulls have a whole lot to cheer about from recent action. Major indexes continue to wrestle with their 50-day moving averages. Transports, $TRAN, may be taking a downside lead here as it struggles to even venture just a little bit above its 50-day MA.
Positions in Homebuilders RYL and WCIC have been added.
Get it on.