Market Update – On Track, Slow and Steady

The broader market is taking a step back after a solid “risk-on” session yesterday. Wednesday’s trade didn’t result in 1-day overbought internals, though displayed numerous signs of low conviction (e.g.-low volume and bearish dominant price/volume relationship). In some respects, today is  modestly inverse to yesterday’s trade, as Tech  stocks lag while the defensive Utilities  sector…