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Financials and economics matter, not D.C. drama.
But they tell a story of a market that is oversold with the majority of stocks going nowhere.
The often-seen pattern is a good sign.
So far we've only seen a few oversold extremes. We have not seen any positive divergences.
But there hasn't been much panic selling.
Poor breadth keeps McClellan Summation Index pointed down.
| Aug 09, 2017
| 1:59 PM EDT
For the shout out in your column on Realmoney Pro.  The Bristol Myers chart is a base in my opinion and ...
There's always got to be a fake-out.
We have to take what the market hands us.
Beware of the first move out of the range.


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