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From Wyckoff Trader; 08/15-AM Turn Newsletter

(Reuters)After turning in a mixed performance on Friday, U.S. stocks climbed higher on Monday, riding on the strength of technology shares. Bargain hunting contributed a bit to market's uptick today. Activity in the market was somewhat subdued due to a lack of major U.S. economic data.Yesterday's Technicial Review usingWB's Emini Clock and Wyckoff's Tape Reading
United States Technicial Review Tape Reading Composite Man Human Made Organic Retail Sales

Retail Sales Defiance Might Mean Something

One disclaimer is in order before anything else: Retail Sales data is not a consistent top tier market mover--especially in the past few years.  Sometimes it has a big impact when it doesn't seem like it should and sometimes it has no impact after a big beat/miss.  File today under the latter.  In fact, file today under "paradoxical reaction."  Sales hit 0.7% vs a median forecast of 0.4%.  For a bond marke...
Retail Sales Export Prices

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