| The strong rally in global stock markets was not a surprise after last Thursday’s 2.42 reading in the Arms Index .It signaled that the market was oversold on a short-term basis. The Dow Industrials led the S&P 500 while the oil service and semiconductor stocks were the strongest.
The market internals were pretty strong on Monday but another equally strong up day is needed to turn the short-term momentum positive. A weak rally with minimal price gains will make the market more vulnerable as we head into the end of the week...............................................Full Article: Source
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