The strong rally late Friday encouraged the stock market bulls as many of the daily technical studies turned higher. The major averages were able to close above their quarterly pivot levels so avoided weekly sell signals from the pivot analysis. Still, the daily technical studies need further strength before they could turn positive. The strength on Friday was also enough to move the Two Sectors on the Edge back above their quarterly pivots by the week?s close. The Select Sector Financial (XLF) ...
The strong rally late Friday encouraged the stock market bulls as many of the daily technical studies turned higher. The major averages were able to close above their quarterly pivot levels so avoided weekly sell signals from the pivot analysis. Still, the daily technical studies need further strength before they could turn positive. The strength on Friday was also enough to move the Two Sectors on the Edge back above their quarterly pivots by the week?s close. The Select Sector Financial (XLF) ...
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