MomentumOptionsTrading.com Morning Update for 5/23/14
Sign, Sign, Everywhere a Sign
“Sign, sign everywhere a sign
Blocking out the scenery breaking my mind
Do this, don’t do that, can’t you read the sign” – 5 Man Electric Band
Wall Street has been looking a lot of signs in recent weeks as the bullish and bearish camps split further apart with more and more famous names joining the latter. I normally mention that the slick talking pros that take early vacation often miss some of the best moves in the market ahead of holiday weekends and this week is no different.
Although there no “convincing” follow through by the bulls on Thursday, the market did end higher but with mixed signals. (Continued)…