A number of sectors have moved under their 50-day averages and then bounced to test them. Despite the peppy performance Thursday and all sorts of good stuff (Sept sales data, Alcoa earnings, Dell and eBay upgrades) the market feels heavy to me. The high was 1070 Thursday and 1080 two weeks ago. Close enough to 1100 with a dip in the middle to ef up the bears first?
Can’t say anymore here in deference to paid subscribers.