the twoscore stocks inward my basket, drawn as from 8 S&P 500 sectors, shows 22 stocks inward uptrends, 8 neutral, together with 10 inward downtrends. Three of the x stocks inward downtrends are from the banking sector, which continues to generate credit-related concerns.
Where does this piece of occupation out us? Selling appears to hold upward drying up, but nosotros are too non seeing buyers flock into the electrical flow market. This dynamic is too apparent inward the Cumulative NYSE TICK indicator, which has been weak of late. Given this indecision, the marketplace may simply rest inward its longer-term hit saltation fashion until it receives guidance adjacent calendar week from the Fed meeting.
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