It’s been a couple weeks since my last commentary thanks to a much enjoyed vacation. Gladly most of that time stocks were in the plus column as the market rightfully bounced from recent weakness.
This fits in with my theory that we will be playing around in a trading range for a while. 4,600 for the S&P 500 (SPY) being the top end of the range and 100 day moving average (currently at 4,337) framing the bottom.
