04Aug3:43 pmEST

Time to Negotiate Some Jobs

In front of PCLN earnings tonight, then the jobs report tomorrow morning before the bell, stocks remain in a very narrow range dating back to July 14th on the S&P 500 Index.

Much like Tesla Motors, which is still stuck in its own multi-year range, PCLN is a market leader which has actually been sideways since early-2014, too. 

On the monthly chart, below, we can see as much, despite the rally late-last year, the overall gist of the chart is one of a massive base. Bears will argue it is a top, but they had better pounce soon or likely lose any initiative to patient bulls who have been looking for the next leg higher. 

Despite the narrow market range, quite a few stocks remain impressive in their resilience and their ability to set back up. 

I will update those ideas for Members after the bell in the full recap. 

An Arbitrage Play of Sorts Stock Market Recap 08/04/16 ...

 
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