Tuesday, December 18, 2012

Market Comment 12/18/2012


Optimism about a resolution to the fiscal cliff spawned a strong rally the last couple days.  It would be a very good sign if the market digests these gains without faltering in the coming days.



The market is now a little overbought.

Market Direction Model

More Impulse Indicators fired. This is bullish.
S&P 500
Chart View

It has been a tough few months. This week's impressive
comeback is heartening.


No comments:

Post a Comment