It was another good day for the stock market, as advancing stocks again supported the price action. The Dow Jones Transportations led the way, gaining 1.9%, while the industrial sector also did well with the Select Sector SPDR Industrials (XLI) gaining 1.45%. The technical action this week has resolved the short-term negative divergences that I reviewed in Friday's Week Ahead column. There are still some longer-term negative divergences between the NYSE Composite and its Advance/Decline line, bu...
It was another good day for the stock market, as advancing stocks again supported the price action. The Dow Jones Transportations led the way, gaining 1.9%, while the industrial sector also did well with the Select Sector SPDR Industrials (XLI) gaining 1.45%. The technical action this week has resolved the short-term negative divergences that I reviewed in Friday's Week Ahead column. There are still some longer-term negative divergences between the NYSE Composite and its Advance/Decline line, bu...
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