Showing posts with label selective. Show all posts
Showing posts with label selective. Show all posts

Tuesday, August 9, 2016

Stocks Ramp, Then Cramp In Late Selling

Looks like the consolidation continues. Anybody buying at these levels must be extremely selective or terminally insane.

The Day's Tally:
Dow Jones Industrial Average
18,533.05, +3.76 (0.02%)

NASDAQ
5,225.48, +12.34 (0.24%)

S&P 500
2,181.74, +0.85 (0.04%)

NYSE Composite
10,804.51, +16.50 (0.15%)

That's two slow trading days in a row. Get used to it unless there's some unseen catalyst developing to upset the slow moving wagon train of declining profits and higher prices.

Not a pretty sight (unless you're a central banker).