Daily Market Snapshot
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| Great day in the market. |
Market Direction Model
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| Nothing but green again. S&P 1500 |
The market keeps climbing, but it will not climb to the sky. According to the market snapshot 449 of the 1499 stocks in the S&P 1500 are now in over-bought territory. As this number rises to 500, from a historical perspective, the market will be ready for a breather, a pause or perhaps a correction.
Intermediate term I remain bullish, near term cautious.
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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