With a full week ahead and Wall Street back from their two-week hiatus, traders will be looking for an edge. However, most suit-and-ties will likely remain cautious as they will be waiting for a possible continued pullback.
Bulls Climb Wall of Worry as Bears Hibernate
The bulls brushed back the bears’ feeble attempts to change momentum last week as the charge to all-time and decade highs continued. The major indexes were higher for the fourth-straight week and are showing steady gains in a historically bullish month.