Tuesday, November 20, 2012

We Got Our Bounce

Market Snapshot

Oversold condition relieved.

Chart View

Nice Bounce

Market Direction Model

Strong buying lifted the markets to a neutral condition
with a positive short-term bias.

I added to our equity exposure more aggressively due to the strength of the markets yesterday. We now will look for a Follow-Through-Day to confirm  a new bullish leg up.  We are entering the seasonally strong part of the year, however, seasonality will be trumped by politics as congress begins to deal with the Fiscal Cliff issues.  For now, I have one foot on the gas and the other on the brakes.

This blog post does not constitute an offer of investment advice. This blog is only provided for educational purposes. Please read the Important Blog Disclosure posted in the right channel bar.

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