High-momentum, more-volatile, heavily speculative stocks have broken steep uptrends and are spilling lower, as quality and value stocks hang in just fine.
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The S&P 500 traded for a seventh day in the range left by the 2.7% drop on Oct. 10.
Another flurry of treacherous rotation roiled the tape, though by the closing hour the swirling currents were showing signs of…
After a 5% rebound rally, the S&P 500 is hesitating a bit around 6850, comfortably near the upper end of a two-month range.
The key indexes are sputtering near levels reached almost eight weeks ago.
Some idiosyncratic flows of funds are goosing the mega-tech stocks, and the S&P 500 with them.
The S&P 500 is now spending quite a bit of time near the lower end of a two-month range.
