|Oversold condition relieved.|
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.
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