The Stock Indices tested both the lower and upper extremes of that rotation from the last seven days. While it appeared there was going to be a breakout lower, buyers came in at support and drove price higher. Volume continues to concern me, as it was even lower in today’s trading. This includes volume on the Index ETFs and total volume on the exchanges. Until there is a breakout move followed by the internals confirming, use caution as it is a very choppy market/
At the end of the Briefing, I explained a trade I put on yesterday in a stock and took off this morning at the open.