As prices for the stock indices move to record levels, this is where investor / traders keen observation of the market takes place. With the #DJIA price trailing the #SP500 have signaled a level of price uncertainty among investors sidelined and hesitation of getting into the market due to high price. The scenario continues for early investors who plunged into the market at the end of the 2nd quarter are in a better position to protect their gains or simply cash in their profits.
Recent positive US data have provided the price resiliency, but others are 'patiently' weary that market complacency may soon prove to be taken for granted when a sudden & unexpected occurrence of a turn around may emerge. The question of when this could be expected; is a matter of perspective, yet normally comes after the fact.
As previously mentioned, the 'incremental' price change on the major indices particularly with the #DOW, #SP500 and #NASD at current levels have remained strong. The price corrections are considered to make room for lagging technical indicators to adjust as the directional trend continues to prevail. For now, there are no real serious threat for a follow through with a momentum driven decline for stocks would occur in the near term. Of course not unless proven to be wrong with an unknown market fundamental coming in from the newswire.
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AUGUST 09, 2016 - #DOW 20K in 2016! In the Making! #USD stays above EQUILIBRIUM levels - HOLDS @95.00/05 KEY PRICE
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