Will the Market Breakout Hold?

This question will be answered this week. A lack of follow through will indicate that buyers are not that interested at this level.

PRE-OPEN MARKET COMMENTS MONDAY - Last week the Fed cut interest rates by 50 basis points and that was bigger than expected. Powell doused concerns that they are reacting to weak domestic data points. He said that inflation was subsiding and that they wanted to preserve employment levels. They did not want to wait for weakness. This was a bullish outcome for the S&P 500 and it rallied to a new all-time high.

Daily Bulletin Continues...