Stocks are at New Highs However Leaders are not Leading $XENE $NEWR $HDP
In a healthy stock market situation you would like to see stocks hitting new highs with leading stocks powering the way. However this is not the situation. More so we have 7 distribution days weighing heavy on the stock market. The leading stocks are not providing any substantial returns. This can be inferred either as just a holiday lull or something more ominous after a 5 year+ stock market run. On the positive side the stock market did not react negatively to the news out of Greece.
There were a couple of interesting IPO breakouts today however, like XENE, NEWR and HDP.
Trade with a plan….