Tag Archives: wasatch
Coming soon, a great buying opportunity. Stock prices backed off modestly this week, despite today’s rally, with the blue chip S&P 500 actually closing a fraction of a percent lower than it did nine Fridays ago, in early January. Such a narrow range for the market, over such an extended period, is very rare.
Worn out! Stock prices idled in neutral again this week, with the blue chip S&P 500 unable, once again, to break above its January 11 high on a closing basis. From where we sit, it looks as if the buyers are now almost totally worn out.