MON-WED’S ACTION: Stocks Flirt With New Highs
THURS & FRI’S ACTION: Market Sells-Off
MARKET OUTLOOK: STRONG UPTREND
After an 8.4% rally in 6 weeks, the market is finally taking a breather. We will continue to monitor the health of this pullback to see if it is just another healthy pullback or turns into something more severe. At this point, more damaging evidence is needed before the bull market breaths its last breathe. As always, keep your losses small and never argue with the tape.