The indices are certainly sluggish as they pause and fade after more than a week of upside. The action slowed, volume remains light. A basic decent leg up being tested.
SP500 -18.34, -0.63%
NASDAQ -42.63, -0.54%
DJ30 -194.16, -0.72
SP400 -1.14%
SOX -1.14%
RUTX -1.00%
NASD 100 -0.38%
No specific news story. Trade news is limited though CNBC says there could be perpetual trade wars. Well, we seem to have perpetual wars in everything else, why not trade?
Picked up some FB earlier, it slid back some. Looking at ARQL as it broke nicely higher, testing late. Holding the patterns in the test, so trying to be patient after a ice upside leg.
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Jon Johnson, Chief Market Strategist
InvestmentHouse.com
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