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The broader market”s rally hesitated – If, Then… Market Timing

The broader market”s rally hesitated

By Rod David | September 2, 2014 - 8:46 am

The broader market”s rally hesitated Friday and Sunday night, but it didn”t stumble. And it probed fresh highs last night. None of which makes today session any likelier to extend any higher at any time.

Counter-intuitively, spending so much time only hovering at fresh highs has formed a weight. Today”s opening action must push through it to assure it won”t collapse. Traditionally, post-holiday volume is still somewhat challenged this morning, so initial trending in either direction will be difficult to reverse.

We”ll have a Livedesk at 10:45 ET today since yesterday”s was missed due to the holiday. Daily non-MJ stock ideas will be launched tomorrow, which will be a big focus of Wednesday and Thursday”s Livedesks. Meanwhile, let”s use this post”s thread in the Activity Feed for market and stock observations.

Posted in Bigger Picture