SPY Rally Continues

 | Jul 26, 2016 01:18AM ET

Those that view the message of the market on a daily basis are likely confused by trading noise. While trading noise contributes to the long-term trends, it does not define them. Human behavior tries to explain trading noise as a meaningful trend. This confuses the majority which, in turn, contributes to their role as bagholders of trend transitions.

SPDR S&P 500 (NYSE:SPY)