The Market MODE is now BUY CAUTION.

Charles Schaap

Market Mode is now BUY CAUTION. The overall market has lacked upward strength over the last 2 weeks. The Nasdaq has closed down for 4-consecutive days and closed Wednesday below its 50-EMA. RSI-20 slipped to 48. If the S&P declines further, it may gall to retest the March highs, or the 4,000 level. FCX regained its trigger price, so the stop loss is being raised.