2nd Tier Stocks Under Accumulation

Accumulation continues at these vaulted levels and market indices are working off their overbought conditions by trading sideways rather than pulling back. This is because dips are being purchased by those who missed the breakout. Poor volume levels are positive for bulls at this point as it means that bears are not acting aggressively, even in front of options expiration on Friday. Scans continue to reveal improving underlying conditions as second tier issues are now under accumulation as profits are redistributed.