The volume today is actually worse than any day last week.
I thought we might see the buyers get interested or maybe the sellers – or somebody. But still the volume issues in this market continues to plague it and unable to mount a sizable rally or sell-off of any kind. A +1 or -1 point on SPX is more common than not. That will eventually change, and when it does, we have to be ready to pounce on this market, so the watch-list below provides us with some direction on which stocks are setting up right now for a market rally. Tomorrow I’ll provide my bearish watch-list in case this market breaks to the downside.
Here’s the bullish watch-list: