Gotta Love the New Highs on No Volume.
Durable goods lower, with new home sales at 10:00. If new home sales are up, and the market responds positively, can somebody tell me why this matters with a total glut of cheap homes on the market? Does it just mean the rich are getting richer and feel comfortable paying for and building a new custom home?
Anyhow...we're still in "kiss the underside of the trendline mode", and it will be interesting to see if true volume supports this breakout.
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