Stock Indices Surge On Continued Low Volume

Chairman Powell’s comments today gave fuel to buyers who bought the Indices aggressively. However, once again total volume on the exchanges was extremely low. Breadth did expand nicely, which is a positive for the market. After yesterday’s selloff, Powell was successful in giving buyers hope and certainly changed the perception of value for today. Any higher high needs to be followed by increasing volume and a continuation of strong breadth. If not, today’s rally is suspect.

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