The stock market was higher on Friday in slow trading, but the Russell 2000 was again on the downside and negative for the 2014. This is a red flag.
Since last Thursday the four major indexes have seen a correction that has put them in near oversold territory.
All four major stock indexes were higher on Wednesday as the FOMC minutes provided support for a higher stock market.
A sense of panic is in the air.
The stock indexes finished on the downside Monday as profit taking set in from all-time closing highs.
As this stock market continues its parabolic rise on air, the short hedge funds are showing signs of capitulation.
The S&P 500 Trust Series ETF's volume set a new 2014 low as the DJIA and S&P 500 set a new all-time high.
I may be the only skeptic remaining. That is just fine with me.
The stock market on Monday closed out the second quarter in mixed fashion. The DJIA is oversold while the Nasdaq is overbought.
The Fed-induced stock market bubble is coming closer to popping.