Look Ma, No Leadership!

by Rick Ackerman

The broad average moved moderately higher without the participation of two key stocks, GOOGL and AMZN, that often lead the charge.

Although the former fell on Monday, the latter looked to be developing thrust for a $30 rally. If it comes to pass, the Dow and S&P 500 should have little trouble extending Monday’s surge.

Gold looks encouraging, but traders should check out my latest, cautiously bullish tout for the August Comex contract before taking the plunge.

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