As has always been the case for over a year now, the market is still moving upwards, though of late it seems to be doing so at a more grinding pace. It nonetheless though, is still holding the trendline. One of the major developments I’m noticing is with the S&P and how the volume just seems to be falling off the deep end, which makes me think that bulls might just be losing their mojo, and becoming exhausted in their efforts. I’m still waiting for this market to pull back some so that I can load up on some new positions, but I just don’t know when that is going to happen, quite honestly.
Here are the charts on the S&P and Nasdaq
Click Here to See the Chart on the Nasdaq.
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