Self-Driving Market
It seems current stock market action reflects markets that are on auto-pilot. Summertime volume remains typically light and action is driven by unusually consistent to-and-fro action pushed by oil market volatility. No doubt this reflects manipulated oil prices.
Let’s leave it at that until there’s more serious market moving action.
Below is the heat map from Finviz reflecting those ETF market sectors moving higher (green) and falling (red). Dependent on the day (green) may mean leveraged inverse or leveraged short (red).
Chart Of The Day
There’s nothing else to add to a quiet market in August.
Let’s see what happens.
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