Stocks bounce back from early weakness, with the Bank of Canada's smaller-than-expected rate hike reinforcing hopes the Fed will also slow down. Read More...
TheStreet.com
Where the Market Stands After the Recent Rally
After two solid up days, we see the potential for a market pause or consolidation of the rally’s recent notable gains. While we still view the extremely negative outlook from investors as a potential upside catalyst, the OB/OS Oscillator, stochastic readings and valuation now suggest a cooling off period. On the charts, all the major equity indexes closed higher Tuesday with positive NYSE and Nasdaq internals on strong volume.
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