It is very surprising how media is manipulating minds of people...just less than a week ago there was big fear of Spain, trade tariffs and what not and fast forward today, everything is calm and smooth...no hush on any media outlet...till G7 finish their nice wine and dinner!
Several university research projects in the recent past have proven people who watch cable news are less informed. I assume the same applies to cable financial news.
I was on the road missed the double bottom, too bad.
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NY advancing stocks = 1.1 x declining stocks
NY advancing volume = 1.6 x declining volume
After 2+ hours, AD still isn’t robust enough to support a +200point up day
Volume is moving into a handful of stocks = narrow-based rally
Disclaimer: I am not an investment advisor. This is just my opinion NOT investment advice.