We have all this wonderful technology that makes life much easier than the old days. However, days like today really make me glad I grew up when I did.
SPX lost a little altitude today. Breadth was slightly negative. SPX tested the 3/18 high both days this week, but was unable to close up there. We have clear resistance here at least for the moment. Volume was very light suggesting a lack of participation. Once again many investors are sitting around waiting for somebody else to go first. Still in the holding pattern. Closing below the 3/18 low (2041) might spark some selling. Not much else to say. Just waiting to see what happens.
I would like to apologize for not keeping up with the trend table last week. The COMPX resumed its short term uptrend on 3/16 and I failed to update the table. In my defense the weather has been absolutely beautiful and I have been busy getting some outdoor work done. That made me a little tired some nights when I sat down to write the update. I realize that is not a good excuse, but its all I got. Sorry.
Bob
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