Phil's Stock Market Blog

The comments below were written yesterday before the market opened. The day started off positive, but by the end of the session the Nasdaq and other market indexes reversed downward to form yet another batch of Climax High signals.

This morning it looks like we're following-through to the down side. Based on the reasoning in yesterday's post, and also on yesterday's market action, I think we can expect a choppy period of consolidation for the next few weeks or months.