Partly cloudy skies. Gusty winds during the evening. A stray shower or thunderstorm is possible. Low 69F. ENE winds at 20 to 30 mph, decreasing to 10 to 15 mph..
Tonight
Partly cloudy skies. Gusty winds during the evening. A stray shower or thunderstorm is possible. Low 69F. ENE winds at 20 to 30 mph, decreasing to 10 to 15 mph.
Mid-wek market update: The S&P 500 became extremely stretched in mid-June when its 14-week RSI exceeded the 90 level. The last two times this happened, the market eventually pulled back and the initial decline was arrested with RSI reached a neutral reading of 50. That 50 target was reached this week, which I interpret as the market is setting up for a relief rally.