THE CHART SHOWS THIS RALLY TO BE OF LOW CONVICTION, WHAT TO DO NOW $AAPL $BA $CVX $DD $GE $MMM $NKE $UTX $V $XOM $SPY
The stock market has hit another new high. As investors make buy, sell or hold decisions, they may want to note that this rally is of low conviction. At The Arora Report, we have reached this conclusion based on our proprietary algorithms. However, investors can easily reach the same conclusion although with less certainty, by simply looking at the volume. The chart Let us start by looking at the annotated chart of S&P 500 ETF [s:SPY]. Please click here for an annotated chart of S&P 500 ETF SPY. Here are five key observations from the chart. As the rally has