MARKET SUMMARY
- Stock indices resume the upside rally after the pause.
- Solid breadth, pathetic volume as NASDAQ leads higher.
- Fed speakers try to tone down the hawkish rhetoric, but they will have to acknowledge their Phillips Curve -- or make excuses not to a la Yellen.
- Money leaves the market just as the market consolidates and breaks higher.
- Still some decent patterns in some leaders, others forming up and moving up.
- Okay, so a further rebound, but still have to watch for it to fade and be ready either way.
Source: Investment House