The market has had a respectable run-up since its January 24 lows, and today you're seeing some profit taking.
The market has had a nice run recently, and we're approaching a critical point on the S&P 500 in the 1,210 through 1,220 range.
The market is at or near the top of its trading range. So it would need to be a really strong (payrolls) number to get the market continued on its bullish ways. Right now, I just don't think that pattern is going to happen.
The market is at or near the top of its trading range, ... So it would need to be a really strong (payrolls) number to get the market continued on its bullish ways. Right now, I just don't think that pattern is going to happen.
I think it's good that thus far the market has been able to put back-to-back up days together and to hold on to those gains today.