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Friday, March 29, 2024

Dave’s Daily

MARKET COMMENT

Courtesy of Dave Fry at ETF Digest, September 29, 2009

STILL TIME TO DRESS THE WINDOWS

Tomorrow is the quarter end and there’s some serious bonus money on the line. A little selling at these levels is no big deal today but tomorrow bulls will take a “bend but don’t break” defensive posture. Today, rising home prices were more than offset by declining Consumer Sentiment data.

Volume was heavier than yesterday with selling but still light as investors let the quarter run out. Clearly in their focus will be employment data on Friday. In the meantime breadth was flat to negative.

Read all of Dave’s Daily here. >>

 

 

 
  

 

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