S&P .... By Reity ....

[H. LEIN]

Choice A, B or C?
Which of the following facts is most important about market action on Monday?

A)   The S&P 500 climbed another +0.75% to start the session.
B)   The S&P 500 gave back all the above gains and ended at -0.27% on the day.
C)   None of the Above

Likely your choice has something to do with your current bias. Bulls will likely gravitate to optimistic choice A while bears are locked in on the negative aspects of choice B. However, I submit to you that the correct answer is: C) None of the Above.

That is because stocks have basically been moving in a sideways range since hitting 2049 back on March 18th. With that in mind you shouldn't read too much into any movement up to the recent high of 2075 or down to the 200 day moving average of 2014. It will be worth paying closer attention as we make a breakout above or below that range.

My guess is that you have often felt quite foolish with the movement of stocks this year. Truly the Market Gods have been belly laughing at all of us.

Bueno, voy a ilustrar el comentario con una gráfica ,  basicamente viene a decir ... opertiva lateral entre los recientes máximos de 2.075 y la M200 ....  y operativa tendencial en cuanto se salga por alguno de los dos lados.

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[kostarof]

gracoas Lein