Tape continues to lean bullish for stocks, but with somethings to watch

2021-06-21 | Ned Davis | NDR Hotline | Insights

Dow averages have refused to confirm the new highs in the S&P 500 and the Nasdaq. Utilities and Financials are relatively weak in the S&P 500. But key leading indicators, like NDR Volume Demand and the daily A/D line, are quite hopeful. Big Mo Tape has likely peaked but remains mildly bullish.