The Week Ahead: Are These Key Markets Changing Direction?

It was a pretty ugly weak for the stock market until Friday?s job report which stimulated some very heavy buying on Friday?s open. As I noted last week, the deterioration in the short-term technical outlook made the action early in the week important to the short-term trend. The poor market internals on Monday?s rally increased the market?s vulnerability as I noted before Tuesday?s open in Was Monday a Rally Failure? This increased the short-term market risk while the weekly analysis showed no s...