[Market Outlook] This Is Not Normal Market Behavior

This Is Not Normal Market Behavior

The stock markets rallied sheepishly into Friday's job, then apparently got what they needed to relax despite volatility in Gold, interest rates and the dollar. This is not normal market behavior. The SPY was so relaxed by the report that its true range for the day was the smallest it's been since Christmas eve in 2019.

Note, narrow ranges often lead to big moves as members of our Complete Trader, Slingshots or MMM Premium programs should know. So don't let a lack of volatility fool you. From the fundamental side, it appears that the report was perfect for stocks – not hot enough or weak enough to change the outlook for earnings growth which is what appears to be keeping the bulls buying and the bears at bay. Click here to see why, and get this week's Market Outlook highlights Click here for the Free Market Highlights Click here for the Premium Market Highlights Best wishes for your trading, Geoff Bysshe President MarketGauge

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