Market Grinds Higher Despite Underlying Weakness
Mark Newton of Greywolf Equities points out that despite poor economic reports and unrest in the Ukraine, stocks have held their ground.
Stocks continue to grind higher despite underlying areas of weakness according to Mark Newton, Chief Market Technician at Greywolf Equities. Newton points out that fewer stocks are hitting all time highs and the financial sector has lost steam. Despite poor economic reports and unrest in the Ukraine, stocks have held their ground. Newton believes the market will probably react to these issues towards the end of April and early May, when he expects seasonal selling.
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