The stock market indices had another up day today, but the path was volatile. They opened higher, went to the session highs on the S&P 500 and morning highs on the NDX.
Each time humans make a breakthrough, their rate of growth speeds up. They then take advantage of it. They fill up the economic niche it opens for them as fully as their new technology allows. And then what?
The longer that leadership stocks and market internals continue to flounder, the more likely it becomes that the market will see a more pronounced correction. Deron Wagner would not be surprised to see a gap up and an intraday reversal today.
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