|Day Low/High||12.48 / 13.88|
|52 Wk Low/High||8.67 / 29.80|
It is just another day of very slow action with little movement.
The longer the indices go without a pullback, the more frustrating it becomes.
I'm still bullish, but I'm looking over my shoulder to see if there are some bears sneaking up.
Trying to apply logic to this market isn't working well.
A good illustration of why the market's been stuck in a trading range.
The trading action remains quite tedious, though there are short-term opportunities out there.
The S&P 500 has already cut the day's gain in half.
Buyers expect a dovish Fed and are still trying to put money to work.
One of the toughest trades for a long time has been betting on downside follow-through.
The market traded like it was sipping piña coladas, forgetting all about the Fed drama of last Friday.
We might be moving toward a market-timing environment, but not today.
I try to make a conscious effort to find positives, even when I'm not feeling optimistic.
It is starting to poke its head above key resistance.