Flat As It Gets


Crude-oil prices climbed above $50 a barrel but failed to remain there, spurring declines in the materials and energy sectors.  Today was the second-lowest-volume day this year, ahead of a U.S. holiday weekend. That came after a very slow trading day yesterday.  But no one ever returned a profit because it was had on light volume.

The SPX was as flat as you can get today, as it rose just 0.02%.  The other indexes were also about unchanged for the day.

The market opened higher today, pullback 7 points, then went sideways for the rest of the day. It appears Memorial day holiday trading is already underway.

So far not much selling pressure during this rally. The market needs to drop back into/under the 2070  range to get selling pressure underway. Right now the bulls have the keys to the car.

In the “history may not repeat, but it often rhymes” department…take a look at this.

See you in the morning.


Previous Post
Turnaround Tuesday
Next Post
Sunday Market Video 6/1/16

Recent Articles