It's true, as Lowry noted this morning, that "it's probably still too early to declare the long-awaited short-term correction has arrived." But technicians will be watching internals very careful in the next couple days for a bigger pullback on an increase in volume.
Jason Pride, director of research at Haverford Investments, and Andrew Kanaly, chairman of Kanaly Trust Company shared their outlook on the economy and where investors should put their money.
Stocks retreated on Monday as investors took a breather after last week's 4.4 percent rally. After a better-than-expected payrolls report on Friday, a survey out Sunday suggested the U.S. economy will resume growing in the third quarter. Still, experts said be wary of the recent rally. Read and listen to what they had to say...
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