Stock Indices End The Week With A Slow Grind Higher

Thursday’s trading in the Stock Indices saw a market where neither buyers nor sellers could gain control. Friday, buyers gained slight control which ended in a slow grind higher. While breadth strengthened somewhat short-term, longer-term the internals are still very weak. As an example, only 19% of stocks on the NYSE are trading above their 50-day moving average. Certainly, this is an optimistic market environment but the risk is to the downside.

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