Should the equity markets close higher today, and I emphasize "should", that would mark the fifth day in a row the markets have closed on an up note. The last time that happened was over five months ago in early March of this year. It's a pretty rare occurrence when you see a market do this. I am sure a lot of the bears are perplexed as to why the market is not tanking given all the problems of a slowing world economy. The latest bad news report was out of China this morning, it showed that factory output had slowed in July to the weakest level in over three years and this was below what most analysts had been looking for.
Like life, there is reality and there is fantasy, and right now the market chooses to be optimistic, hoping for that ever elusive stimulus program that may never occur or it may occur sooner than we expect. One never knows for sure and it is this uncertainty that is driving the market.
Now, let's analyze the major markets and stocks on the move using MarketClub's Trade Triangle Technology.
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