Tuesday's Market update

Tuesday - July 25, 2017

Early indications (pre-market action) pointed to a good amount of strength in the DOW and weakness in the Nasdaq, which is pretty much how it ended up playing out by the close. The DOW ended up 100 points, NDX was slightly red for the day while the SPX put in a new all-time closing high. The complacency continues and it doesn't seem like anything can knock this market down.

As soon as some intraday weakness starts to build the market gets bought right back up. You have to have an insane sense of stubbornness to remain bearish in this market, but we all know that the "broken clock" (aka Bearish prognosticators) will be right sooner or later and when they are, it won't be pretty as I'm sure lots of bulls (who will take their turn at being stubborn for a change as they're waiting for the "guaranteed" Dip to be bought) will eventually be forced to liquidate.