Markets traded higher for most of the day on Thursday,
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Amid another slow and steady 2015 like grind a horde of stocks pressed the action. If today's trading action was the ocean the rip currents would be swift and daunting. The most skilled and adept would succeed while the slow and meek would get sucked under.
The $SPY posted yet another mechanically felt range bound day. It's as if the program is already set. Price levels are determined before the bell, and a crisis, bond blow up, or currency gyration will not stand in its way.
I give you exhibit 1A: