Watching the Tide Roll in…or Is It Out?

A new week, and who knows what it might bring? From a technical standpoint stocks look like they are itching to fall, if only to set up the bounce that would put the broad averages on course for new record highs. A week-long buying frenzy would more than do the trick. However, there was nothing in last week’s tired price action to suggest Mr. Market is eager to accommodate anyone’s schedule. Sometimes it’s difficult to tell whether the tide is ebbing or flowing; this is just such a time.

  • Glenn March 19, 2018, 12:06 pm

    sometimes a slack tide is the hardest to read.