Saturday, July 26, 2014

Uptrend Continues

The Market Trend Model ( maintains its positive bias despite the end of week selling in the stock market.  Stocks continue to grind higher as each week appears to be "the top" only to have sellers fail to follow through on any weakness.

Sellers appeared Friday as stocks swooned.  However, Friday's volume was about 10% lower than Thursday's volume on both the Nasdaq and the New York Stock Exchange. Should the world not end by Monday it is quite possible stocks maintain an upward bias into the end of the month.