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.
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High-momentum, more-volatile, heavily speculative stocks have broken steep uptrends and are spilling lower, as quality and value…
The S&P 500 is now spending quite a bit of time near the lower end of a two-month range.
Mike Santoli's market notes look at how the S&P 500 has spent the past week range bound, stuck between about 6200 and 6400.
The S&P 500 traded for a seventh day in the range left by the 2.7% drop on Oct. 10.
Some idiosyncratic flows of funds are goosing the mega-tech stocks, and the S&P 500 with them.
The bottom ten S&P 500 stocks in terms of year-to-date return were all up on the day, with an average gain of more than 2%.
