Stocks Trade Higher On Weak Internals

The Stock Indices continued to rally in an attempt to fulfill the longer-term potential countertrend move from all-time highs. However, as discussed in last night’s Briefing, the market internals are still not supporting the rally. There is a Fed meeting next week and an announcement on interest rates. The Market is obviously pricing in a quarter-basis point move. This may be a “Buy the rumor, sell the news” event.

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